Headlands Technologies LLC Buys Shares of 101,115 Interactive Brokers Group, Inc. $IBKR

Headlands Technologies LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,115 shares of the financial services provider’s stock, valued at approximately $8,801,000. Interactive Brokers Group accounts for about 0.9% of Headlands Technologies LLC’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds have also made changes to their positions in the business. State Street Corp grew its stake in shares of Interactive Brokers Group by 1.0% in the fourth quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock worth $1,211,377,000 after acquiring an additional 187,763 shares in the last quarter. Cantillon Capital Management LLC raised its stake in shares of Interactive Brokers Group by 0.8% in the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock valued at $820,589,000 after acquiring an additional 95,878 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Interactive Brokers Group by 17.6% in the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after acquiring an additional 1,630,620 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings in Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after purchasing an additional 6,246,715 shares during the period. Finally, Invesco Ltd. boosted its holdings in Interactive Brokers Group by 44.1% in the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after purchasing an additional 2,534,772 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IBKR. Barclays set a $114.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Raymond James Financial assumed coverage on Interactive Brokers Group in a research report on Wednesday. They set a “market perform” rating for the company. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Wolfe Research began coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price on the stock. Finally, Bank of America lifted their price target on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.89.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $95.84 on Monday. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75. The firm has a market capitalization of $163.06 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34. The business’s fifty day moving average price is $92.11 and its 200 day moving average price is $82.59.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the firm posted $0.51 EPS. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.68 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 14.00%.

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.