AIA Group Ltd Buys 24,000 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• AIA Group Ltd increased its stake in Interactive Brokers by 53.9%, adding 24,000 shares to hold 68,500 shares valued at $4.713 million at the end of the quarter.
• Interactive Brokers beat quarterly expectations, reporting $0.65 EPS vs. $0.50 expected and $1.64 billion in revenue (up 18.5% year-over-year), with a consensus analyst rating of "Moderate Buy" and an average target of $76.39.
• Insiders have been net sellers recently: Vice Chairman Earl H. Nemser sold 145,000 shares and insiders sold about 400,000 shares (~$30.7 million) in the last quarter, leaving insiders with roughly 2.97% ownership.

AIA Group Ltd increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 53.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,500 shares of the financial services provider's stock after acquiring an additional 24,000 shares during the quarter. AIA Group Ltd's holdings in Interactive Brokers Group were worth $4,713,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp bought a new position in Interactive Brokers Group during the third quarter worth $27,000. N.E.W. Advisory Services LLC raised its position in shares of 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 worth $35,000 after acquiring an additional 474 shares in the last quarter. Ramsey Quantitative Systems bought a new position in shares of Interactive Brokers Group in the 2nd quarter worth about $44,000. Darwin Wealth Management LLC acquired a new position in shares of Interactive Brokers Group in the 2nd quarter valued at about $45,000. Finally, Close Asset Management Ltd acquired a new position in shares of Interactive Brokers Group in the 3rd quarter valued at about $60,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

IBKR stock opened at $67.69 on Friday. The company's 50-day moving average is $72.39 and its 200-day moving average is $68.46. The stock has a market capitalization of $114.81 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.92 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 - Get Free Report) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The firm's revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is currently 14.48%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an "overweight" rating in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Finally, BMO Capital Markets lifted their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the company's stock in a transaction that occurred on 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 transaction, the insider directly owned 155,000 shares of the company's stock, valued at $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 400,000 shares of company stock worth $30,725,122 over the last quarter. 2.97% of the stock is owned by corporate insiders.

About Interactive Brokers Group

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.

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