Zurcher Kantonalbank Zurich Cantonalbank Has $30.48 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 341.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 473,928 shares of the financial services provider’s stock after acquiring an additional 366,470 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Interactive Brokers Group were worth $30,478,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Interactive Brokers Group by 26.4% during the third quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after acquiring an additional 11,048,679 shares during the period. State Street Corp increased its stake in Interactive Brokers Group by 23.2% during the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after acquiring an additional 3,517,729 shares during the period. Wellington Management Group LLP increased its stake in 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 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, Bank of America Corp DE increased its stake in Interactive Brokers Group by 225.4% during the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after acquiring an additional 5,260,923 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the topic of several research reports. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Jefferies Financial Group lowered their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. BMO Capital Markets boosted their price target 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. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target on the stock. Finally, Barclays boosted their price target on Interactive Brokers Group from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 400,000 shares of company stock valued at $30,725,122. Corporate insiders own 2.80% of the company’s stock.

Interactive Brokers Group Trading Down 2.0%

IBKR stock opened at $79.62 on Wednesday. Interactive Brokers Group, Inc. has a 1-year low of $38.53 and a 1-year high of $82.88. The firm has a market cap of $135.06 billion, a P/E ratio of 35.95, a P/E/G ratio of 2.25 and a beta of 1.25. The business’s 50 day moving average is $71.04 and its 200-day moving average is $69.57.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company posted $1.94 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.45 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be paid a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio 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.