United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases Shares of 263,581 Interactive Brokers Group, Inc. $IBKR

Key Points

• United Super Pty Ltd opened a new position in Interactive Brokers Group, buying 263,581 shares valued at about $16.95 million in the fourth quarter.
• Several other institutional investors also adjusted holdings, and 23.8% of the stock is owned by institutions and hedge funds. That includes notable increases from firms like the National Pension Service and Mirae Asset Global Investments.
• Analysts remain generally positive on IBKR, with an average rating of “Moderate Buy” and a consensus target price of $83.25. The company also reported quarterly earnings of $0.60 per share, topping estimates, and recently increased its quarterly dividend to $0.0875 per share.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 263,581 shares of the financial services provider's stock, valued at approximately $16,951,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. National Pension Service raised its position in Interactive Brokers Group by 2.2% in the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider's stock valued at $48,692,000 after buying an additional 15,339 shares during the last quarter. Jones Financial Companies Lllp raised its position in Interactive Brokers Group by 36.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider's stock valued at $1,777,000 after buying an additional 7,234 shares during the last quarter. State of Michigan Retirement System grew its position in 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 position in 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, Hartford Investment Management Co. bought a new position in Interactive Brokers Group in the third quarter valued at $1,798,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on IBKR. Piper Sandler raised their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, April 22nd. Barclays raised their target price on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an "overweight" rating in a research report on Wednesday, April 22nd. Jefferies Financial Group decreased their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating for the company in a research report on Monday, April 6th. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research report on Friday, May 1st. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus target price of $83.25.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $83.11 on Friday. The firm has a 50-day moving average of $76.65 and a 200-day moving average of $71.86. Interactive Brokers Group, Inc. has a one year low of $49.15 and a one year high of $88.44. The company has a market cap of $140.98 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32.

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

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be issued 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 of this dividend is Monday, June 1st. This is a boost from Interactive Brokers Group's previous quarterly dividend of $0.08. Interactive Brokers Group's payout ratio is presently 13.79%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the business's 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 transaction, the director directly owned 173,482 shares of the company's stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a legal filing 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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