Premier Fund Managers Ltd Has $17.63 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Premier Fund Managers Ltd lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 256,200 shares of the financial services provider’s stock after acquiring an additional 10,200 shares during the period. Premier Fund Managers Ltd’s holdings in Interactive Brokers Group were worth $17,629,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of IBKR. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. Huntington National Bank grew its position in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after buying an additional 176 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in Interactive Brokers Group during the 2nd quarter worth $32,000. N.E.W. Advisory Services LLC raised its holdings in Interactive Brokers Group by 300.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 474 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Interactive Brokers Group by 1,051.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 694 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on IBKR shares. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. BMO Capital Markets boosted their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, CICC Research began coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $76.39.

Interactive Brokers Group Trading Up 0.5%

IBKR opened at $74.39 on Friday. The company has a market cap of $126.18 billion, a P/E ratio of 33.58, a PEG ratio of 2.08 and a beta of 1.24. The company’s 50 day moving average is $71.17 and its 200-day moving average is $67.73. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 400,000 shares of company stock worth $30,725,122. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.