Mitsubishi UFJ Trust & Banking Corp Acquires 26,019 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its stake in Interactive Brokers by 14.2%, buying 26,019 shares to hold 209,596 shares valued at about $13.48 million.
• Interactive Brokers beat quarterly EPS estimates ($0.60 vs. $0.57) with revenue of $1.68 billion (up 17% YoY) and raised its quarterly dividend to $0.0875 per share (annualized $0.35, ~0.4% yield).
• IBKR trades near its 1-year high ($82.88), has a market cap of $136.49 billion, institutional ownership of 23.8%, and a consensus analyst rating of "Moderate Buy" with a $83.25 target.

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 209,596 shares of the financial services provider's stock after acquiring an additional 26,019 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Interactive Brokers Group were worth $13,479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Murphy & Mullick Capital Management Corp purchased a new stake in Interactive Brokers Group in the third quarter worth $27,000. Blue Trust Inc. grew its stake 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 worth $43,000 after purchasing an additional 472 shares during the period. Ramsey Quantitative Systems purchased a new stake in Interactive Brokers Group in the second quarter worth $44,000. Darwin Wealth Management LLC purchased a new stake in Interactive Brokers Group in the second quarter worth $45,000. Finally, Close Asset Management Ltd purchased a new stake in Interactive Brokers Group in the third quarter worth $60,000. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $80.46 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $43.78 and a 1-year high of $82.88. The business has a fifty day moving average price of $71.46 and a 200-day moving average price of $69.92. The company has a market capitalization of $136.49 billion, a PE ratio of 34.68, a PEG ratio of 2.20 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company earned $1.94 earnings per share. The company's revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 earnings per share 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 issued a dividend of $0.0875 per share. The ex-dividend date is Monday, June 1st. This is a boost from Interactive Brokers Group's previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group's dividend payout ratio is 13.79%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on IBKR shares. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a "market perform" rating and a $75.00 price target on the stock. Jefferies Financial Group reduced their price target on 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 price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Zacks Research cut Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, Piper Sandler upped their price target on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.25.

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.

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