Interactive Brokers Group, Inc. $IBKR Stake Increased by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 29.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,648 shares of the financial services provider’s stock after acquiring an additional 8,662 shares during the quarter. Vise Technologies Inc.’s holdings in Interactive Brokers Group were worth $3,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IBKR. Bank of New York Mellon Corp bought a new stake in Interactive Brokers Group in the second quarter valued at approximately $210,639,000. Bessemer Group Inc. grew its position in shares of Interactive Brokers Group by 156.0% during the 1st quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider’s stock worth $263,097,000 after purchasing an additional 2,390,247 shares in the last quarter. Amundi raised its position in shares of Interactive Brokers Group by 62.4% in the first quarter. Amundi now owns 2,433,236 shares of the financial services provider’s stock valued at $163,197,000 after buying an additional 934,843 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Interactive Brokers Group by 1,240.2% in the third quarter. Vontobel Holding Ltd. now owns 405,261 shares of the financial services provider’s stock valued at $34,617,000 after buying an additional 375,022 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Interactive Brokers Group by 1,393.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 262,984 shares of the financial services provider’s stock worth $17,638,000 after acquiring an additional 245,378 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday, September 2nd. Capital One Financial set a $105.00 target price on shares of Interactive Brokers Group in a research note on Tuesday, October 6th. Raymond James Financial started coverage on Interactive Brokers Group in a research note on Wednesday, August 26th. They set a “market perform” rating on the stock. CICC Research lifted their price target on shares of Interactive Brokers Group from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Evercore assumed coverage on Interactive Brokers Group in a research note on Monday, October 12th. They issued an “outperform” rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.87.

Insider Activity

In other news, Director Lawrence Harris sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total value of $2,065,250.00. Following the completion of the transaction, the director directly owned 148,482 shares in the company, valued at approximately $12,266,098.02. This represents a 14.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $77.88 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $98.75. The business has a 50 day moving average price of $87.30 and a 200 day moving average price of $82.95. The company has a market capitalization of $132.51 billion, a P/E ratio of 29.95, a P/E/G ratio of 1.27 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.15 per share. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 1st. Interactive Brokers Group’s payout ratio is 13.46%.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.