Winmill & CO. Inc. Purchases 245,400 Shares of Interactive Brokers Group, Inc. $IBKR

Winmill & CO. Inc. boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 327,200 shares of the financial services provider’s stock after buying an additional 245,400 shares during the period. Interactive Brokers Group makes up approximately 5.0% of Winmill & CO. Inc.’s investment portfolio, making the stock its 6th largest position. Winmill & CO. Inc.’s holdings in Interactive Brokers Group were worth $18,130,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in shares of Interactive Brokers Group in the first quarter worth about $26,000. ORG Partners LLC boosted its stake in shares of Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 423 shares in the last quarter. Private Wealth Asset Management LLC boosted its stake in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 435 shares in the last quarter. Finally, Nvwm LLC acquired a new stake in shares of Interactive Brokers Group in the 1st quarter valued at approximately $33,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBKR. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday, October 17th. BMO Capital Markets raised their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Citigroup raised their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $71.34.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business’s stock in a transaction that occurred 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 owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business’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 transaction of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,205,583 shares of company stock valued at $77,211,375. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $68.75 on Monday. The company has a 50 day simple moving average of $65.49 and a 200 day simple moving average of $57.60. The firm has a market cap of $116.61 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22. 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 data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

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.