Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Bought by Swiss National Bank

Swiss National Bank raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,600 shares of the financial services provider’s stock after buying an additional 500 shares during the quarter. Swiss National Bank’s holdings in Interactive Brokers Group were worth $11,259,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its position in Interactive Brokers Group by 13.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 101,726 shares of the financial services provider’s stock valued at $6,686,000 after buying an additional 11,687 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Interactive Brokers Group by 20.1% in the second quarter. BNP Paribas Arbitrage SA now owns 253,153 shares of the financial services provider’s stock valued at $16,640,000 after buying an additional 42,441 shares during the last quarter. Principal Financial Group Inc. lifted its position in Interactive Brokers Group by 1.4% in the second quarter. Principal Financial Group Inc. now owns 281,117 shares of the financial services provider’s stock valued at $18,478,000 after buying an additional 3,919 shares during the last quarter. Deutsche Bank AG lifted its position in Interactive Brokers Group by 142.5% in the second quarter. Deutsche Bank AG now owns 228,490 shares of the financial services provider’s stock valued at $15,018,000 after buying an additional 134,266 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Interactive Brokers Group by 6.5% in the second quarter. BlackRock Inc. now owns 7,308,467 shares of the financial services provider’s stock valued at $480,385,000 after buying an additional 446,204 shares during the last quarter. 19.43% of the stock is owned by institutional investors and hedge funds.

In related news, CAO Denis Mendonca sold 8,591 shares of the stock in a transaction dated Thursday, October 21st. The stock was sold at an average price of $75.00, for a total value of $644,325.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Aj Frank sold 8,735 shares of the company’s stock in a transaction dated Friday, November 26th. The stock was sold at an average price of $74.64, for a total value of $651,980.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,288,428 shares of company stock valued at $97,263,424. Insiders own 11.83% of the company’s stock.

IBKR has been the topic of several research reports. Bank of America initiated coverage on shares of Interactive Brokers Group in a research report on Wednesday, December 15th. They set a “buy” rating and a $126.00 price target on the stock. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Wednesday, November 24th. Finally, The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $81.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Buy” and an average target price of $91.86.

Shares of NASDAQ:IBKR opened at $74.75 on Friday. The stock has a 50-day simple moving average of $76.49 and a 200-day simple moving average of $69.33. The stock has a market capitalization of $31.25 billion, a P/E ratio of 21.99, a PEG ratio of 0.92 and a beta of 0.67. Interactive Brokers Group, Inc. has a 1 year low of $58.84 and a 1 year high of $82.83.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Monday, October 18th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. The company had revenue of $464.00 million for the quarter, compared to analyst estimates of $639.15 million. Interactive Brokers Group had a return on equity of 3.13% and a net margin of 10.95%. Interactive Brokers Group’s quarterly revenue was down 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. Research analysts expect that Interactive Brokers Group, Inc. will post 3.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 14th. Stockholders of record on Wednesday, December 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. Interactive Brokers Group’s dividend payout ratio (DPR) is 11.76%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serve the customers of both traditional brokers and prime brokers.

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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