Winmill & CO. Inc. Boosts Holdings in Interactive Brokers Group, Inc. $IBKR

Winmill & CO. Inc. boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,200 shares of the financial services provider’s stock after acquiring an additional 245,400 shares during the quarter. Interactive Brokers Group accounts for approximately 5.0% of Winmill & CO. Inc.’s investment portfolio, making the stock its 6th biggest holding. Winmill & CO. Inc.’s holdings in Interactive Brokers Group were worth $18,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group during the first quarter worth $26,000. ORG Partners LLC raised its position in Interactive Brokers Group by 312.9% during the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 363 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 423 shares during the period. Private Wealth Asset Management LLC raised its position in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 435 shares during the period. Finally, Nvwm LLC bought a new position in shares of Interactive Brokers Group in the first quarter valued at about $33,000. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. Finally, Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $71.34.

Interactive Brokers Group Stock Performance

IBKR stock opened at $68.75 on Monday. The company’s 50-day simple moving average is $65.49 and its 200 day simple moving average is $57.60. 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 $116.61 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 15.38%.

Insider Activity

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the company’s 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. This represents a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the 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 sale, the insider owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,205,583 shares of company stock worth $77,211,375 over the last 90 days. 2.97% of the stock is currently owned by corporate insiders.

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.