Rockefeller Capital Management L.P. Takes $807,000 Position in Interactive Brokers Group, Inc. $IBKR

Rockefeller Capital Management L.P. purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,572 shares of the financial services provider’s stock, valued at approximately $807,000.

Other institutional investors also recently added to or reduced their stakes in the company. Cantillon Capital Management LLC lifted its holdings in Interactive Brokers Group by 288.7% during the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after purchasing an additional 9,509,805 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Interactive Brokers Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock worth $1,714,108,000 after buying an additional 280,004 shares in the last quarter. Geode Capital Management LLC increased its holdings in Interactive Brokers Group by 190.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,682,629 shares of the financial services provider’s stock valued at $371,363,000 after purchasing an additional 4,385,602 shares in the last quarter. Waverton Investment Management Ltd raised its holdings in shares of Interactive Brokers Group by 2,148.3% in the second quarter. Waverton Investment Management Ltd now owns 4,441,243 shares of the financial services provider’s stock valued at $246,089,000 after buying an additional 4,243,702 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Interactive Brokers Group by 265.2% during the second quarter. Bank of New York Mellon Corp now owns 3,233,651 shares of the financial services provider’s stock worth $179,177,000 after purchasing an additional 2,348,305 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $65.78, for a total value of $1,122,075.24. Following the transaction, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 $13,710,576. The trade was a 5.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,026,711 shares of company stock valued at $65,238,880 in the last quarter. 2.97% of the stock is currently owned by insiders.

Analyst Ratings Changes

IBKR has been the topic of several recent research reports. CICC Research initiated coverage on Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target on the stock. BMO Capital Markets upped their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $64.19 on Thursday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The company’s 50 day moving average price is $67.74 and its two-hundred day moving average price is $61.61. The company has a market capitalization of $108.88 billion, a P/E ratio of 30.82, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.Interactive Brokers Group’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. Analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.38%.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.