Abrams Bison Investments LLC Purchases 10,899 Shares of Interactive Brokers Group, Inc. (IBKR)

Abrams Bison Investments LLC raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,899 shares of the financial services provider’s stock after buying an additional 10,899 shares during the period. Interactive Brokers Group accounts for 2.4% of Abrams Bison Investments LLC’s holdings, making the stock its 5th largest holding. Abrams Bison Investments LLC owned approximately 0.06% of Interactive Brokers Group worth $13,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Miura Global Management LLC acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth $34,046,000. Russell Investments Group Ltd. lifted its holdings in Interactive Brokers Group by 206.6% in the third quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock valued at $22,701,000 after buying an additional 339,648 shares during the period. Ruane Cunniff & Goldfarb Inc. lifted its holdings in Interactive Brokers Group by 13.6% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,713,298 shares of the financial services provider’s stock valued at $77,167,000 after buying an additional 204,865 shares during the period. Millennium Management LLC acquired a new position in Interactive Brokers Group in the fourth quarter valued at $9,214,000. Finally, JPMorgan Chase & Co. lifted its holdings in Interactive Brokers Group by 228.7% in the third quarter. JPMorgan Chase & Co. now owns 201,639 shares of the financial services provider’s stock valued at $9,039,000 after buying an additional 140,292 shares during the period. Hedge funds and other institutional investors own 15.90% of the company’s stock.

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IBKR traded down $1.59 during midday trading on Friday, reaching $69.11. The company had a trading volume of 707,059 shares, compared to its average volume of 619,819. The stock has a market cap of $29,107.76, a price-to-earnings ratio of 45.17, a PEG ratio of 1.76 and a beta of 0.98. Interactive Brokers Group, Inc. has a 12-month low of $33.01 and a 12-month high of $74.11.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. The company had revenue of $515.00 million for the quarter, compared to analysts’ expectations of $398.05 million. Interactive Brokers Group had a net margin of 3.94% and a return on equity of 1.74%. Interactive Brokers Group’s revenue was up 166.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Thursday, March 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Wednesday, February 28th. Interactive Brokers Group’s payout ratio is currently 26.14%.

IBKR has been the subject of several research analyst reports. BidaskClub downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 16th. Sandler O’Neill reissued a “buy” rating on shares of Interactive Brokers Group in a research report on Friday, February 2nd. ValuEngine raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Gabelli reissued a “buy” rating on shares of Interactive Brokers Group in a research report on Tuesday. Finally, Rosenblatt Securities set a $65.00 price target on shares of Interactive Brokers Group and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $59.00.

In related news, Vice Chairman Earl H. Nemser sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $62.80, for a total transaction of $2,009,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.98% of the company’s stock.

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Interactive Brokers Group Profile

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

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

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