Interactive Brokers Group, Inc. $IBKR Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 492.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,191 shares of the financial services provider’s stock after acquiring an additional 49,201 shares during the period. Vontobel Holding Ltd.’s holdings in Interactive Brokers Group were worth $3,280,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings 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 buying an additional 1,343,007 shares during the period. RV Capital AG boosted its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. RV Capital AG now owns 849,920 shares of the financial services provider’s stock valued at $47,094,000 after buying an additional 637,440 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Interactive Brokers Group by 283.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 516,526 shares of the financial services provider’s stock valued at $28,621,000 after buying an additional 381,656 shares during the period. KBC Group NV boosted its holdings in shares of Interactive Brokers Group by 255.1% in the 1st quarter. KBC Group NV now owns 522,221 shares of the financial services provider’s stock valued at $86,474,000 after buying an additional 375,173 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Interactive Brokers Group by 45.6% in the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock valued at $184,668,000 after buying an additional 349,255 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on IBKR. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Citigroup lifted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Interactive Brokers Group in a research report on Saturday, September 27th. BMO Capital Markets began coverage on shares of Interactive Brokers Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $82.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $65.47.

Interactive Brokers Group Trading Down 5.0%

IBKR stock opened at $69.01 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The company has a market capitalization of $117.05 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The firm’s 50-day moving average is $64.87 and its two-hundred day moving average is $55.47.

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

Interactive Brokers Group Dividend Announcement

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. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is currently 16.49%.

Insider Activity at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer owned 158,954 shares of the company’s stock, valued at $10,289,092.42. The trade was a 42.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their position. 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 in the last ninety days. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Profile

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.