International Assets Investment Management LLC Acquires New Stake in Interactive Brokers Group, Inc. $IBKR

International Assets Investment Management LLC acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,384 shares of the financial services provider’s stock, valued at approximately $243,000.

Other large investors also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group during the first quarter worth about $26,000. Nvwm LLC bought a new stake in Interactive Brokers Group during the first quarter worth about $33,000. ASR Vermogensbeheer N.V. bought a new stake in Interactive Brokers Group during the first quarter worth about $33,000. North Capital Inc. bought a new stake in Interactive Brokers Group during the first quarter worth about $49,000. Finally, Quarry LP lifted its stake in Interactive Brokers Group by 486.3% during the first quarter. Quarry LP now owns 299 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on IBKR. Citigroup lifted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. 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 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.34.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $67.17 on Friday. The stock’s 50 day simple moving average is $65.38 and its two-hundred day simple moving average is $57.13. The stock has a market cap of $113.93 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 2.02 and a beta of 1.22. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.08. The business had revenue of $1.66 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%.The business’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors 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%.

Insider Activity at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider directly owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,205,683 shares of company stock worth $77,217,965 over the last ninety days. 2.97% of the stock is currently owned by insiders.

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.