OVERSEA CHINESE BANKING Corp Ltd Invests $240,000 in Interactive Brokers Group, Inc. $IBKR

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,328 shares of the financial services provider’s stock, valued at approximately $240,000.

Other large investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Interactive Brokers Group in the 1st quarter worth about $26,000. ORG Partners LLC lifted its position in Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after buying an additional 363 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in 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 worth $31,000 after buying an additional 423 shares in the last quarter. Private Wealth Asset Management LLC grew its position in Interactive Brokers Group by 300.0% during the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 435 shares during the last quarter. Finally, Nvwm LLC purchased a new position in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 1.2%

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

Interactive Brokers Group (NASDAQ:IBKR) last posted its 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 return on equity of 5.03% and a net margin of 10.12%.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 firm earned $1.61 earnings per share. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. Equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued 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 is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is currently 15.38%.

Insider Buying and Selling

In related news, 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 owned 158,954 shares in the company, valued at $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were 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 in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,195,797 shares of company stock valued at $76,606,240. 2.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IBKR shares. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. CICC Research started coverage on shares of Interactive Brokers Group in a research report on Monday. They set an “outperform” rating and a $78.00 price target for the company. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Barclays set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.08.

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.