Livforsakringsbolaget Skandia Omsesidigt Acquires 68,450 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Interactive Brokers by 1,488.7%, buying an additional 68,450 shares to hold 73,048 shares worth about $5.03 million at quarter-end.
• Interactive Brokers beat quarterly estimates (EPS $0.65 vs. $0.50; revenue $1.64B, up 18.5% year-over-year) and has a consensus analyst rating of "Moderate Buy" with an average price target of $76.39.
• The company recently paid a quarterly dividend of $0.08 per share (0.5% yield) while insiders sold roughly 400,000 shares (~$30.7 million) over the past three months, including a 60,200-share sale by the vice chairman.

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1,488.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,048 shares of the financial services provider's stock after buying an additional 68,450 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Interactive Brokers Group were worth $5,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in Interactive Brokers Group in the third quarter valued at $27,000. N.E.W. Advisory Services LLC raised its holdings in 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 purchasing an additional 474 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of Interactive Brokers Group in the 2nd quarter worth about $44,000. Darwin Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group in the 2nd quarter worth about $45,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Interactive Brokers Group by 252.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,000 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 716 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 0.5%

Interactive Brokers Group stock opened at $68.63 on Wednesday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $79.18. The company has a market capitalization of $116.41 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The business's fifty day simple moving average is $72.50 and its two-hundred day simple moving average is $68.47.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm 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%.Interactive Brokers Group's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

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

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business's stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 400,000 shares of company stock valued at $30,725,122. 2.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IBKR. Zacks Research cut shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Interactive Brokers Group in a research report 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 report on Wednesday, January 21st. Finally, BMO Capital Markets raised their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an "outperform" rating in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $76.39.

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.

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.