Motley Fool Asset Management LLC Increases Position in Interactive Brokers Group, Inc. $IBKR

Motley Fool Asset Management LLC increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 287.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,024 shares of the financial services provider’s stock after purchasing an additional 5,212 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Interactive Brokers Group were worth $389,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at about $26,000. ORG Partners LLC increased its holdings in shares of Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd 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 in the last quarter. Private Wealth Asset Management LLC increased its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd 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 in the last quarter. Finally, Nvwm LLC purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insiders Place Their Bets

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer directly owned 28,289 shares of the company’s stock, valued at $1,860,850.42. This trade represents a 37.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence E. Harris sold 8,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $68.50, for a total transaction of $548,000.00. Following the sale, the director directly owned 223,704 shares in the company, valued at $15,323,724. This represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,195,797 shares of company stock valued at $76,606,240 in the last ninety days. Insiders own 2.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. The Goldman Sachs Group restated a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Finally, BMO Capital Markets raised their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $68.65 on Wednesday. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35. The stock has a market capitalization of $116.44 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.17 and a beta of 1.22. The firm’s 50-day moving average is $65.73 and its two-hundred day moving average is $57.98.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the company earned $1.61 EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend 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 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.