United Services Automobile Association Takes Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

United Services Automobile Association bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 10,389 shares of the financial services provider’s stock, valued at approximately $664,000.

Several other large investors also recently made changes to their positions in IBKR. Bridgewater Associates LP boosted its stake in Interactive Brokers Group by 543.3% during the 2nd quarter. Bridgewater Associates LP now owns 1,238,721 shares of the financial services provider’s stock valued at $68,142,000 after purchasing an additional 1,046,173 shares during the last quarter. BlackRock Inc. boosted its stake in Interactive Brokers Group by 12.7% during the 3rd quarter. BlackRock Inc. now owns 8,359,280 shares of the financial services provider’s stock valued at $534,243,000 after purchasing an additional 943,731 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Interactive Brokers Group during the 3rd quarter valued at about $42,813,000. Vanguard Group Inc. boosted its stake in Interactive Brokers Group by 7.0% during 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. Finally, State Street Corp boosted its stake in Interactive Brokers Group by 14.8% during 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 purchasing an additional 340,288 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $75.71, for a total value of $1,514,200.00. Following the sale, the chairman now owns 1,836,105 shares of the company’s stock, valued at approximately $139,011,509.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 160,000 shares of company stock valued at $12,393,800. 5.72% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on IBKR. Jefferies Financial Group lifted their price target on Interactive Brokers Group from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, March 7th. Barclays lifted their price target 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $96.17.

Interactive Brokers Group Stock Up 4.7 %

Interactive Brokers Group stock 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 company’s 50 day moving average price is $82.00 and its two-hundred day moving average price is $75.57. The stock has a market cap of $33.55 billion, a P/E ratio of 21.55, a P/E/G ratio of 0.56 and a beta of 0.79.

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

Interactive Brokers Group Announces Dividend

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

About Interactive Brokers Group

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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.