Vinva Investment Management Ltd Buys Shares of 53,982 Interactive Brokers Group, Inc. $IBKR

Key Points

• Vinva Investment Management bought a new position of 53,982 IBKR shares in Q3 valued at about $3.71 million, while other institutions also raised stakes leaving hedge funds and institutional investors owning roughly 23.8% of the stock.
• Insider selling: Vice Chairman Earl H. Nemser sold 145,000 shares for about $11.29 million, and insiders sold a total of 400,000 shares (~$30.7 million) in the last quarter, with insiders now owning roughly 2.97% of shares.
• Financials and sentiment: Interactive Brokers topped quarterly estimates with $0.65 EPS (vs. $0.50 est.) and $1.64B revenue (+18.5% YoY), declared a $0.08 quarterly dividend, and carries a MarketBeat average rating of “Moderate Buy” with an average target of $76.39.

Vinva Investment Management Ltd bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 53,982 shares of the financial services provider's stock, valued at approximately $3,714,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Marvin & Palmer Associates Inc. raised its position in Interactive Brokers Group by 29.8% during the third quarter. Marvin & Palmer Associates Inc. now owns 117,225 shares of the financial services provider's stock valued at $8,248,000 after buying an additional 26,885 shares during the period. Korea Investment CORP grew its stake in Interactive Brokers Group by 80.4% during the 3rd quarter. Korea Investment CORP now owns 272,572 shares of the financial services provider's stock valued at $18,756,000 after acquiring an additional 121,500 shares in the last quarter. Blair William & Co. IL grew its stake in Interactive Brokers Group by 8.3% during the 3rd quarter. Blair William & Co. IL now owns 4,404 shares of the financial services provider's stock valued at $303,000 after acquiring an additional 339 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Interactive Brokers Group by 89.8% in the 3rd quarter. First Trust Advisors LP now owns 2,856,099 shares of the financial services provider's stock valued at $196,528,000 after purchasing an additional 1,351,285 shares during the period. Finally, CMT Capital Markets Trading GmbH acquired a new position in shares of Interactive Brokers Group in the 3rd quarter valued at about $344,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $66.70 on Monday. The firm has a market cap of $113.13 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 1.87 and a beta of 1.23. The stock has a 50-day simple moving average of $72.42 and a 200-day simple moving average of $68.21. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $79.18.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio is 14.48%.

Analyst Ratings Changes

A number of analysts have recently issued reports on IBKR shares. BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Zacks Research lowered shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the company an "overweight" rating in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and an average target price of $76.39.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm's stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider owned 155,000 shares in the company, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. Corporate insiders own 2.97% of the company's stock.

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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