Wright Investors Service Inc. Purchases Shares of 9,635 Interactive Brokers Group, Inc. $IBKR

Wright Investors Service Inc. purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,635 shares of the financial services provider’s stock, valued at approximately $663,000.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Interactive Brokers Group by 45.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 323,662 shares of the financial services provider’s stock worth $22,271,000 after purchasing an additional 101,136 shares during the last quarter. Quinn Opportunity Partners LLC raised its position in shares of Interactive Brokers Group by 158.0% during the second quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock valued at $17,233,000 after buying an additional 190,452 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Interactive Brokers Group by 290.7% in the second quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock valued at $310,435,000 after buying an additional 4,168,530 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Interactive Brokers Group by 335.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock valued at $20,724,000 after buying an additional 288,055 shares during the period. Finally, TD Asset Management Inc grew its position in Interactive Brokers Group by 312.8% during the second quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock worth $5,798,000 after buying an additional 79,294 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

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 sale, the director owned 198,704 shares in the company, valued at approximately $13,710,576. The trade was a 5.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jill Bright bought 400 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were purchased at an average price of $65.95 per share, with a total value of $26,380.00. Following the transaction, the director directly owned 10,304 shares in the company, valued at $679,548.80. This represents a 4.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 55,000 shares of company stock worth $3,767,363 in the last 90 days. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Trading Up 3.3%

Shares of IBKR opened at $73.68 on Friday. The stock has a market cap of $124.97 billion, a PE ratio of 35.38, a PEG ratio of 2.00 and a beta of 1.24. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $75.64. The stock has a 50 day simple moving average of $66.32 and a 200-day simple moving average of $65.21.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm earned $1.61 EPS. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on IBKR shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. BMO Capital Markets upped their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. CICC Research initiated coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.25.

About Interactive Brokers Group

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.