Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Interactive Brokers by 5.0, buying 43,984 shares to hold 932,381 shares worth about $62.7 million (roughly 0.05% of the company); institutional investors collectively own about 23.8% of IBKR.
• Interactive Brokers beat EPS estimates with $0.60 for the quarter (vs. $0.57 expected) and reported revenue of $1.68 billion (+17% YoY), and the company raised its quarterly dividend to $0.0875 (annualized $0.35, yield ~0.4%; ex-dividend June 1).
• The stock has traded around $83.71 (down 3.8%), with a market cap near $142 billion, and a consensus analyst rating of "Moderate Buy" (average target ~$83.25) amid price targets ranging roughly $75–$98.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 932,381 shares of the financial services provider's stock after purchasing an additional 43,984 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.05% of Interactive Brokers Group worth $62,684,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in Interactive Brokers Group in the third quarter valued at about $27,000. Blue Trust Inc. boosted its holdings in Interactive Brokers Group by 236.0% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 472 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in Interactive Brokers Group in the second quarter valued at about $44,000. Darwin Wealth Management LLC purchased a new position in Interactive Brokers Group in the second quarter valued at about $45,000. Finally, Close Asset Management Ltd purchased a new position in Interactive Brokers Group in the third quarter valued at about $60,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Down 3.8%

NASDAQ:IBKR opened at $83.71 on Friday. The business's 50 day moving average is $72.20 and its two-hundred day moving average is $70.28. Interactive Brokers Group, Inc. has a 52 week low of $45.69 and a 52 week high of $87.37. The company has a market cap of $142.00 billion, a PE ratio of 36.08, a P/E/G ratio of 2.41 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, June 1st. This is a positive change from Interactive Brokers Group's previous quarterly dividend of $0.08. Interactive Brokers Group's payout ratio is currently 13.79%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IBKR. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a report on Friday, May 1st. Piper Sandler increased their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They set a "market perform" rating and a $75.00 target price on the stock. Jefferies Financial Group reduced their target price on Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating on the stock in a report on Monday, April 6th. Finally, BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average target price of $83.25.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.80% of the company's stock.

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.

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