24,472 Shares in Interactive Brokers Group, Inc. $IBKR Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,472 shares of the financial services provider’s stock, valued at approximately $1,356,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Interactive Brokers Group during the 1st quarter valued at about $26,000. Nvwm LLC purchased a new position in Interactive Brokers Group during the first quarter valued at approximately $33,000. ASR Vermogensbeheer N.V. purchased a new position in Interactive Brokers Group during the first quarter valued at approximately $33,000. North Capital Inc. bought a new position in shares of Interactive Brokers Group in the first quarter worth approximately $49,000. Finally, Quarry LP increased its stake in shares of Interactive Brokers Group by 486.3% in the first quarter. Quarry LP now owns 299 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jill Bright purchased 400 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were bought at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the acquisition, the director owned 10,304 shares of the company’s stock, valued at approximately $679,548.80. This represents a 4.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Paul Jonathan Brody sold 17,058 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares of the company’s stock, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,235,583 shares of company stock valued at $79,247,235 over the last ninety days. 2.97% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. CICC Research initiated coverage on shares of Interactive Brokers Group in a research note on Monday. They set an “outperform” rating and a $78.00 target price on the stock. 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. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Citigroup boosted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Trading Up 1.1%

NASDAQ:IBKR opened at $69.49 on Tuesday. The business’s 50-day moving average is $65.61 and its 200 day moving average is $57.79. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The company has a market capitalization of $117.86 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.14 and a beta of 1.22.

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

Interactive Brokers Group Dividend Announcement

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