4,384 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,384 shares of the financial services provider’s stock, valued at approximately $243,000.

Other institutional investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $26,000. Nvwm LLC acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $33,000. ASR Vermogensbeheer N.V. acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $33,000. North Capital Inc. acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $49,000. Finally, Quarry LP raised its stake in Interactive Brokers Group by 486.3% during the 1st quarter. Quarry LP now owns 299 shares of the financial services provider’s stock worth $50,000 after buying an additional 248 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

Interactive Brokers Group Trading Up 3.7%

Shares of NASDAQ IBKR opened at $67.17 on Friday. The stock has a fifty day simple moving average of $65.38 and a two-hundred day simple moving average of $57.13. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The firm has a market cap of $113.93 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $1.61 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. Analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued 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 is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) 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.