Bares Capital Management Inc. Acquires 9,435 Shares of Interactive Brokers Group (IBKR)

Bares Capital Management Inc. raised its holdings in shares of Interactive Brokers Group (NASDAQ:IBKR) by 0.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,852,017 shares of the financial services provider’s stock after purchasing an additional 9,435 shares during the period. Interactive Brokers Group accounts for 12.5% of Bares Capital Management Inc.’s portfolio, making the stock its largest position. Bares Capital Management Inc. owned approximately 1.18% of Interactive Brokers Group worth $326,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IBKR. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Interactive Brokers Group by 528.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 918,832 shares of the financial services provider’s stock valued at $61,782,000 after acquiring an additional 772,732 shares in the last quarter. Miura Global Management LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $34,046,000. Cantillon Capital Management LLC increased its position in shares of Interactive Brokers Group by 24.6% during the first quarter. Cantillon Capital Management LLC now owns 2,541,244 shares of the financial services provider’s stock valued at $170,873,000 after acquiring an additional 501,191 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Interactive Brokers Group during the first quarter valued at approximately $13,002,000. Finally, Millennium Management LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $9,214,000. 16.40% of the stock is owned by institutional investors and hedge funds.

Shares of IBKR stock opened at $78.05 on Friday. Interactive Brokers Group has a 12-month low of $78.26 and a 12-month high of $78.76. The company has a market capitalization of $32.35 billion, a P/E ratio of 51.01, a P/E/G ratio of 1.86 and a beta of 0.97.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 17th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.06. Interactive Brokers Group had a net margin of 4.58% and a return on equity of 2.04%. The company had revenue of $527.00 million for the quarter, compared to analysts’ expectations of $502.56 million. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 40.9% on a year-over-year basis. analysts expect that Interactive Brokers Group will post 2.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Friday, June 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, May 31st. Interactive Brokers Group’s dividend payout ratio is currently 26.14%.

Several brokerages recently weighed in on IBKR. Wells Fargo reissued an “underperform” rating and set a $60.00 price target (up previously from $52.00) on shares of Interactive Brokers Group in a research report on Wednesday, April 18th. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. SunTrust Banks raised their price target on shares of Interactive Brokers Group to $75.00 and gave the company a “hold” rating in a research report on Wednesday, April 18th. TheStreet downgraded shares of Interactive Brokers Group from a “b” rating to a “c+” rating in a research report on Monday, April 2nd. Finally, Sandler O’Neill reissued a “buy” rating and set a $82.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, April 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. Interactive Brokers Group currently has an average rating of “Buy” and a consensus price target of $66.71.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group (NASDAQ:IBKR).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit