Ensign Peak Advisors Inc Raises Stock Position in Interactive Brokers Group, Inc. $IBKR

Ensign Peak Advisors Inc grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 312.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,059,466 shares of the financial services provider’s stock after acquiring an additional 1,559,866 shares during the period. Ensign Peak Advisors Inc owned about 0.12% of Interactive Brokers Group worth $114,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IBKR. CWM LLC grew its holdings in Interactive Brokers Group by 6.6% during the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after buying an additional 66 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Interactive Brokers Group by 176.2% during the first quarter. Private Advisor Group LLC now owns 4,762 shares of the financial services provider’s stock worth $789,000 after acquiring an additional 3,038 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Interactive Brokers Group by 102.2% during the first quarter. Allianz Asset Management GmbH now owns 292,141 shares of the financial services provider’s stock worth $48,376,000 after acquiring an additional 147,638 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in Interactive Brokers Group by 27.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 6,512 shares of the financial services provider’s stock valued at $1,078,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Interactive Brokers Group in the 1st quarter valued at $10,471,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Activity

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jill Bright acquired 400 shares of Interactive Brokers Group stock in a transaction on Thursday, October 23rd. The shares were purchased at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the acquisition, the director directly owned 10,304 shares in the company, valued at $679,548.80. This trade represents a 4.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 1,026,711 shares of company stock valued at $65,238,880. Corporate insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on IBKR. Weiss Ratings reissued a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Thursday, November 13th. BMO Capital Markets increased their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. CICC Research began coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. One 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 company. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $72.08.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $64.56 on Thursday. The firm has a market capitalization of $109.50 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The business has a 50 day simple moving average of $67.78 and a two-hundred day simple moving average of $61.02. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share 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 firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

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.