Interactive Brokers Group, Inc. $IBKR Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 335.1% during the 2nd quarter, Holdings Channel reports. The firm owned 374,008 shares of the financial services provider’s stock after buying an additional 288,055 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Interactive Brokers Group were worth $20,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBKR. Cantillon Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 288.7% in the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after purchasing an additional 9,509,805 shares during the period. Waverton Investment Management Ltd lifted its position in shares of Interactive Brokers Group by 2,148.3% during the 2nd quarter. Waverton Investment Management Ltd now owns 4,441,243 shares of the financial services provider’s stock worth $246,089,000 after purchasing an additional 4,243,702 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Interactive Brokers Group by 265.2% in the second quarter. Bank of New York Mellon Corp now owns 3,233,651 shares of the financial services provider’s stock valued at $179,177,000 after purchasing an additional 2,348,305 shares in the last quarter. AGF Management Ltd. grew its position in shares of Interactive Brokers Group by 269.7% during the second quarter. AGF Management Ltd. now owns 2,064,368 shares of the financial services provider’s stock worth $114,387,000 after acquiring an additional 1,505,991 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Interactive Brokers Group by 1,476.3% during the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after buying an additional 1,343,007 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 0.4%

NASDAQ:IBKR opened at $70.87 on Wednesday. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The firm has a market capitalization of $120.21 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The stock has a fifty day simple moving average of $67.32 and a 200 day simple moving average of $60.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.38%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 10,645 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the transaction, the director owned 198,704 shares of the company’s stock, valued at $13,710,576. The trade was a 5.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. The trade was a 37.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,026,711 shares of company stock worth $65,238,880 over the last three months. Company insiders own 2.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. CICC Research started coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target on the stock. Finally, Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $72.08.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.