KBC Group NV Has $135.48 Million Stake in Interactive Brokers Group, Inc. $IBKR

KBC Group NV grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,106,594 shares of the financial services provider’s stock after buying an additional 72,974 shares during the quarter. KBC Group NV’s holdings in Interactive Brokers Group were worth $135,475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. Blue Trust Inc. raised its position in Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 472 shares in the last quarter. Ramsey Quantitative Systems bought a new stake in Interactive Brokers Group during the second quarter worth $44,000. Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group during the second quarter worth $45,000. Finally, Close Asset Management Ltd acquired a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at $60,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 3.4%

Shares of Interactive Brokers Group stock opened at $79.69 on Thursday. The stock has a market cap of $135.18 billion, a price-to-earnings ratio of 35.98, a P/E/G ratio of 2.17 and a beta of 1.25. Interactive Brokers Group, Inc. has a twelve month low of $38.10 and a twelve month high of $79.81. The company’s fifty day moving average is $70.59 and its 200 day moving average is $69.27.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group’s payout ratio is currently 14.48%.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the sale, the insider directly owned 155,000 shares in the company, valued at $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 400,000 shares of company stock valued at $30,725,122 over the last quarter. 2.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IBKR shares. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. BMO Capital Markets raised their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Jefferies Financial Group decreased their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Barclays increased their target price on shares of Interactive Brokers Group from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

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.