United Services Automobile Association acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,389 shares of the financial services provider's stock, valued at approximately $664,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Interactive Brokers Group by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider's stock valued at $577,435,000 after purchasing an additional 592,266 shares during the last quarter. BlackRock Inc. increased its stake in shares of Interactive Brokers Group by 12.7% in the 3rd quarter. BlackRock Inc. now owns 8,359,280 shares of the financial services provider's stock valued at $534,243,000 after buying an additional 943,731 shares during the period. State Street Corp increased its stake in shares of Interactive Brokers Group by 14.8% in the 3rd quarter. State Street Corp now owns 2,636,489 shares of the financial services provider's stock valued at $168,498,000 after buying an additional 340,288 shares during the period. Jarislowsky Fraser Ltd increased its stake in shares of Interactive Brokers Group by 1.1% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 2,437,326 shares of the financial services provider's stock valued at $155,769,000 after buying an additional 27,127 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Interactive Brokers Group by 19.2% in the 2nd quarter. Millennium Management LLC now owns 1,636,108 shares of the financial services provider's stock valued at $90,002,000 after buying an additional 263,124 shares during the period. Institutional investors own 97.84% of the company's stock.

Interactive Brokers Group Stock Performance

IBKR opened at $79.98 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $52.18 and a 52-week high of $90.19. The firm has a market capitalization of $33.55 billion, a PE ratio of 21.55, a PEG ratio of 0.56 and a beta of 0.79. The business's 50-day simple moving average is $82.00 and its 200 day simple moving average is $75.57.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last released its earnings results on Tuesday, January 17th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.14. Interactive Brokers Group had a return on equity of 3.77% and a net margin of 9.30%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $926.75 million. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 5.53 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Wednesday, March 1st were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 28th. This represents a $0.40 annualized dividend and a yield of 0.50%. Interactive Brokers Group's payout ratio is presently 10.70%.

Analysts Set New Price Targets

A number of research analysts have issued reports on IBKR shares. Barclays boosted their target price on Interactive Brokers Group from $90.00 to $96.00 and gave the company an "overweight" rating in a research note on Wednesday, January 18th. Jefferies Financial Group boosted their price target on Interactive Brokers Group from $91.00 to $104.00 and gave the company a "buy" rating in a report on Tuesday, March 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $96.17.

Insider Buying and Selling

In related news, Chairman Thomas Peterffy sold 20,000 shares of the company's stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $77.76, for a total transaction of $1,555,200.00. Following the sale, the chairman now owns 1,630,605 shares in the company, valued at $126,795,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 160,000 shares of company stock worth $12,393,800. Corporate insiders own 5.72% of the company's stock.

Interactive Brokers Group Profile

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Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.

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