Rafferty Asset Management LLC Grows Stake in Interactive Brokers Group, Inc. $IBKR

Rafferty Asset Management LLC increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1,377.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 151,675 shares of the financial services provider’s stock after acquiring an additional 141,407 shares during the quarter. Rafferty Asset Management LLC’s holdings in Interactive Brokers Group were worth $10,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Interactive Brokers Group by 6.3% in the third quarter. American Century Companies Inc. now owns 5,953,647 shares of the financial services provider’s stock worth $409,670,000 after purchasing an additional 351,136 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Interactive Brokers Group by 1.9% in the 3rd quarter. Quantbot Technologies LP now owns 56,489 shares of the financial services provider’s stock worth $3,887,000 after purchasing an additional 1,038 shares during the period. Caitlin John LLC lifted its stake in shares of Interactive Brokers Group by 0.6% in the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after purchasing an additional 153 shares during the period. Ibex Wealth Advisors boosted its holdings in shares of Interactive Brokers Group by 3.3% in the third quarter. Ibex Wealth Advisors now owns 146,353 shares of the financial services provider’s stock worth $10,071,000 after buying an additional 4,647 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in Interactive Brokers Group by 2.1% during the third quarter. Handelsbanken Fonder AB now owns 86,678 shares of the financial services provider’s stock valued at $5,964,000 after buying an additional 1,785 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

IBKR opened at $71.19 on Monday. The company has a 50 day simple moving average of $72.11 and a two-hundred day simple moving average of $68.00. The firm has a market cap of $120.75 billion, a P/E ratio of 32.14, a PEG ratio of 1.99 and a beta of 1.23. 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 announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the sale, the insider owned 155,000 shares in the company, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 400,000 shares of company stock valued at $30,725,122 over the last three months. Corporate insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on IBKR shares. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. BMO Capital Markets upped their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

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.