Interactive Brokers Group, Inc. $IBKR Shares Acquired by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services boosted its stake in Interactive Brokers by 747.6% in Q4, adding 431,970 shares to hold 489,748 shares worth about $31.5 million.
• Interactive Brokers beat quarterly estimates with $0.65 EPS (vs. $0.50) and $1.64B revenue (vs. $1.58B), with revenue up 18.5% YoY; the stock was up 3.4% and carries a market cap near $135.2 billion.
• Company insiders sold roughly 400,000 shares last quarter (including 60,200 by Vice Chairman Earl Nemser), while analysts show a consensus "Moderate Buy" and an average price target of $79.00.

Massachusetts Financial Services Co. MA raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 747.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 489,748 shares of the financial services provider's stock after acquiring an additional 431,970 shares during the period. Massachusetts Financial Services Co. MA's holdings in Interactive Brokers Group were worth $31,496,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. National Pension Service increased its position in shares of Interactive Brokers Group by 2.2% during the third quarter. National Pension Service now owns 707,634 shares of the financial services provider's stock valued at $48,692,000 after acquiring an additional 15,339 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Interactive Brokers Group by 36.8% in the third quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider's stock valued at $1,777,000 after purchasing an additional 7,234 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Interactive Brokers Group by 15.0% in the third quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider's stock valued at $8,285,000 after purchasing an additional 15,684 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Interactive Brokers Group by 1,221.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider's stock valued at $5,073,000 after purchasing an additional 68,148 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $2,468,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 3.4%

NASDAQ IBKR opened at $79.69 on Thursday. Interactive Brokers Group, Inc. has a 52 week low of $38.10 and a 52 week high of $79.81. The stock has a market capitalization of $135.18 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The firm has a 50 day moving average of $70.59 and a two-hundred day moving average of $69.27.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The firm's revenue was up 18.5% on a year-over-year basis. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group's dividend payout ratio (DPR) is 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm's stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 400,000 shares of company stock worth $30,725,122. 2.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They set a "market perform" rating and a $75.00 target price on the stock. Zacks Research downgraded shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Jefferies Financial Group cut their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating on the stock in a research note on Monday, April 6th. BMO Capital Markets upped their target price on shares of 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 upped their target price on shares of Interactive Brokers Group from $83.00 to $85.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 8th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average target price of $79.00.

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.

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.