Interactive Brokers Group, Inc. $IBKR Shares Acquired by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 287.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 281,689 shares of the financial services provider’s stock after acquiring an additional 208,961 shares during the quarter. Interactive Brokers Group accounts for 5.1% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its biggest position. O Brien Greene & Co. Inc’s holdings in Interactive Brokers Group were worth $15,608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cantillon Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 288.7% in the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after purchasing an additional 9,509,805 shares in the last quarter. Waverton Investment Management Ltd raised its stake in shares of Interactive Brokers Group by 2,148.3% in the 2nd quarter. Waverton Investment Management Ltd now owns 4,441,243 shares of the financial services provider’s stock valued at $246,089,000 after acquiring an additional 4,243,702 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Interactive Brokers Group by 265.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,233,651 shares of the financial services provider’s stock valued at $179,177,000 after acquiring an additional 2,348,305 shares during the period. American Century Companies Inc. boosted its position in Interactive Brokers Group by 1,476.3% during the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after purchasing an additional 1,343,007 shares during the period. Finally, Trivest Advisors Ltd purchased a new stake in Interactive Brokers Group during the 2nd quarter worth $72,997,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $69.86 on Friday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The company has a 50-day simple moving average of $66.84 and a 200-day simple moving average of $59.28. The firm has a market capitalization of $118.49 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results 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. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the company posted $1.61 earnings per share. Interactive Brokers Group’s revenue was up 21.2% on a year-over-year basis. Equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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 dividend on an annualized basis and a 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%.

Wall Street Analyst Weigh In

A number of brokerages have commented on IBKR. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. BMO Capital Markets raised their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Insider Activity

In other news, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares in the company, valued at $1,860,850.42. The trade was a 37.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jill Bright acquired 400 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was purchased at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the acquisition, the director directly owned 10,304 shares of the company’s stock, valued at $679,548.80. The trade was a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 1,220,797 shares of company stock worth $78,337,744 over the last 90 days. 2.97% of the stock is currently owned by company insiders.

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.