Hanseatic Management Services Inc. Takes $2.11 Million Position in Interactive Brokers Group, Inc. $IBKR

Hanseatic Management Services Inc. acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,417 shares of the financial services provider’s stock, valued at approximately $2,107,000. Interactive Brokers Group makes up 2.0% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 14th biggest position.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp increased its stake in Interactive Brokers Group by 1.0% during the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock valued at $1,211,377,000 after buying an additional 187,763 shares during the period. Cantillon Capital Management LLC boosted its holdings 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 increased its stake in shares of Interactive Brokers Group by 17.6% during 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 during the period. Orbis Allan Gray Ltd increased its stake in shares of Interactive Brokers Group by 178.8% during 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 acquiring an additional 6,246,715 shares during the period. Finally, Invesco Ltd. raised its holdings in Interactive Brokers Group by 44.1% during the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after purchasing an additional 2,534,772 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $90.53 on Friday. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $97.84. The stock has a fifty day moving average of $89.43 and a 200-day moving average of $78.48. The company has a market capitalization of $153.57 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the firm posted $1.94 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 2.55 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 1st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio is presently 15.09%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IBKR. Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Wolfe Research assumed coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective on the stock. China Renaissance began coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price for the company. Finally, Piper Sandler set a $105.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.89.

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.