Rakuten Investment Management Inc. Makes New $898,000 Investment in Interactive Brokers Group, Inc. $IBKR

Rakuten Investment Management Inc. bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,056 shares of the financial services provider’s stock, valued at approximately $898,000.

Other large investors also recently modified their holdings of the company. ORG Partners LLC raised its stake in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Huntington National Bank raised its position in shares of Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after buying an additional 176 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $32,000. Private Wealth Asset Management LLC lifted its holdings in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 435 shares during the period. Finally, N.E.W. Advisory Services LLC boosted its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 474 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. CICC Research started coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective on the stock. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.13.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 10,645 shares of the company’s stock in a transaction that occurred 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 directly owned 198,704 shares in the company, valued at approximately $13,710,576. This represents a 5.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $1,731,503. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Up 0.5%

Shares of IBKR stock opened at $77.58 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $78.56. The stock’s fifty day simple moving average is $66.93 and its 200 day simple moving average is $66.01. The firm has a market capitalization of $131.59 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.21 and a beta of 1.24.

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

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

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.