Headlands Technologies LLC Takes Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Headlands Technologies purchased 101,115 shares of Interactive Brokers Group worth approximately $8.8 million, making IBKR its 10th-largest portfolio holding at 0.9%. Institutional investors overall own 23.8% of the company.
• Interactive Brokers reported quarterly EPS of $0.69, exceeding estimates by $0.05, while revenue rose 28.1% year over year to $1.88 billion. Analysts expect full-year EPS of $2.68.
• IBKR shares opened at $95.84, near their 52-week high of $98.75. The stock carries a “Moderate Buy” consensus rating with a $96.89 average price target, and the company declared a quarterly dividend of $0.0875 per share.

Headlands Technologies LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 101,115 shares of the financial services provider's stock, valued at approximately $8,801,000. Interactive Brokers Group comprises about 0.9% of Headlands Technologies LLC's investment portfolio, making the stock its 10th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in IBKR. State Street Corp grew its holdings in Interactive Brokers Group by 1.0% in the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider's stock valued at $1,211,377,000 after buying an additional 187,763 shares in the last quarter. Cantillon Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider's stock worth $820,589,000 after acquiring an additional 95,878 shares during the period. Wellington Management Group LLP raised its holdings in shares of Interactive Brokers Group by 17.6% during the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider's stock worth $750,110,000 after acquiring an additional 1,630,620 shares during the period. Orbis Allan Gray Ltd boosted its position in shares of Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider's stock valued at $539,697,000 after acquiring an additional 6,246,715 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Interactive Brokers Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider's stock valued at $533,026,000 after acquiring an additional 2,534,772 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $95.84 on Monday. The firm has a 50-day simple moving average of $92.11 and a two-hundred day simple moving average of $82.59. The stock has a market cap of $163.06 billion, a PE ratio of 38.34, a P/E/G ratio of 1.77 and a beta of 1.34. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.68 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group's dividend payout ratio is 14.00%.

Analysts Set New Price Targets

IBKR has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, July 15th. Raymond James Financial initiated coverage on shares of Interactive Brokers Group in a research note on Wednesday. They issued a "market perform" rating for the company. Wolfe Research assumed coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They set an "outperform" rating and a $101.00 price target for the company. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Finally, China Renaissance started coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a "hold" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.89.

Interactive Brokers Group Company 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.

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source