Interactive Brokers Group, Inc. $IBKR Shares Acquired by Inspire Investing LLC

Inspire Investing LLC grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 355.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 215,690 shares of the financial services provider’s stock after purchasing an additional 168,349 shares during the period. Interactive Brokers Group makes up about 1.3% of Inspire Investing LLC’s portfolio, making the stock its 9th biggest position. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $11,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Interactive Brokers Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock valued at $1,714,108,000 after purchasing an additional 280,004 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Interactive Brokers Group by 1,476.3% in the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock valued at $237,453,000 after purchasing an additional 1,343,007 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Interactive Brokers Group by 13.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider’s stock worth $203,710,000 after acquiring an additional 145,870 shares during the last quarter. Invesco Ltd. grew its position in Interactive Brokers Group by 45.6% during the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock worth $184,668,000 after acquiring an additional 349,255 shares during the last quarter. Finally, Northern Trust Corp grew its position in Interactive Brokers Group by 8.7% during the 1st quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider’s stock worth $157,770,000 after acquiring an additional 76,283 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,205,683 shares of company stock worth $77,217,965 over the last three months. 2.97% of the stock is owned by company insiders.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $69.01 on Friday. The company has a market capitalization of $117.05 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 2.98 and a beta of 1.22. The business’s 50-day moving average is $64.87 and its 200-day moving average is $55.47. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 EPS. Analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group’s payout ratio is currently 16.49%.

Analyst Ratings Changes

IBKR has been the topic of a number of research reports. Piper Sandler boosted their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Citigroup boosted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. BMO Capital Markets initiated coverage on Interactive Brokers Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $82.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Interactive Brokers Group in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.47.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.