Cozad Asset Management Inc. Acquires 164,912 Shares of Interactive Brokers Group, Inc. $IBKR

Cozad Asset Management Inc. lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 320.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,342 shares of the financial services provider’s stock after purchasing an additional 164,912 shares during the period. Interactive Brokers Group accounts for about 1.0% of Cozad Asset Management Inc.’s portfolio, making the stock its 26th biggest position. Cozad Asset Management Inc.’s holdings in Interactive Brokers Group were worth $11,988,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IBKR. Vanguard Group Inc. boosted its holdings in shares of Interactive Brokers Group by 303.9% during the 2nd quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock worth $2,316,715,000 after buying an additional 31,458,885 shares in the last quarter. Cantillon Capital Management LLC boosted its stake in Interactive Brokers Group by 288.7% during the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after acquiring an additional 9,509,805 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Interactive Brokers Group by 227.7% during the second quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after acquiring an additional 7,051,682 shares in the last quarter. Geode Capital Management LLC grew its holdings in Interactive Brokers Group by 190.9% in the second quarter. Geode Capital Management LLC now owns 6,682,629 shares of the financial services provider’s stock worth $371,363,000 after purchasing an additional 4,385,602 shares during the period. Finally, Waverton Investment Management Ltd increased its stake in Interactive Brokers Group by 2,148.3% in the second quarter. Waverton Investment Management Ltd now owns 4,441,243 shares of the financial services provider’s stock valued at $246,089,000 after purchasing an additional 4,243,702 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Down 0.8%

Shares of Interactive Brokers Group stock opened at $61.05 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The business has a 50 day moving average price of $67.69 and a 200-day moving average price of $61.13. The company has a market cap of $103.55 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 earnings per share. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 presently 15.38%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on IBKR shares. Barclays set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock 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 note on Friday, October 17th. BMO Capital Markets boosted their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a research report on Wednesday. Finally, CICC Research started coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Insider Activity

In related 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jill Bright acquired 400 shares of Interactive Brokers Group stock in a transaction on Thursday, October 23rd. The stock was purchased at an average cost of $65.95 per share, with a total value of $26,380.00. Following the completion of the transaction, the director directly owned 10,304 shares in the company, valued at $679,548.80. This represents a 4.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 1,026,711 shares of company stock worth $65,238,880 over the last quarter. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Company 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.