Cantillon Capital Management LLC Has $709.45 Million Position in Interactive Brokers Group, Inc. $IBKR

Cantillon Capital Management LLC grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 288.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,803,631 shares of the financial services provider’s stock after acquiring an additional 9,509,805 shares during the quarter. Interactive Brokers Group comprises approximately 4.1% of Cantillon Capital Management LLC’s portfolio, making the stock its 4th biggest position. Cantillon Capital Management LLC’s holdings in Interactive Brokers Group were worth $709,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock valued at $98,886,000 after buying an additional 199,467 shares during the last quarter. Thrive Wealth Management LLC boosted its position in shares of Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after buying an additional 6,163 shares during the last quarter. TD Asset Management Inc boosted its position in shares of Interactive Brokers Group by 312.8% during the second quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock valued at $5,798,000 after buying an additional 79,294 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Interactive Brokers Group by 1,093.9% during the second quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock valued at $409,000 after buying an additional 6,760 shares during the last quarter. Finally, Truist Financial Corp boosted its position in shares of Interactive Brokers Group by 237.8% during the second quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock valued at $11,230,000 after buying an additional 142,662 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup increased their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets raised their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Finally, Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $71.34.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated 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 transaction, the insider directly owned 461,500 shares of the company’s stock, valued at $31,146,635. The trade was a 29.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction dated 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 directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,205,683 shares of company stock worth $77,217,965. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Down 1.0%

IBKR stock opened at $66.27 on Wednesday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The stock has a market cap of $112.40 billion, a P/E ratio of 31.82, a PEG ratio of 2.09 and a beta of 1.22. The business’s 50-day moving average price is $65.29 and its 200-day moving average price is $56.86.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm earned $1.61 EPS. The business’s quarterly revenue was up 21.2% on a year-over-year basis. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s payout ratio is presently 15.38%.

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.