Profund Advisors LLC Boosts Stake in Interactive Brokers Group, Inc. $IBKR

Profund Advisors LLC raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 279.4% during the second quarter, Holdings Channel reports. The firm owned 10,097 shares of the financial services provider’s stock after buying an additional 7,436 shares during the quarter. Profund Advisors LLC’s holdings in Interactive Brokers Group were worth $559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Interactive Brokers Group in the 1st quarter valued at $26,000. Nvwm LLC acquired a new position in Interactive Brokers Group in the 1st quarter valued at about $33,000. ASR Vermogensbeheer N.V. acquired a new position in Interactive Brokers Group in the 1st quarter valued at about $33,000. Quarry LP increased 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 period. Finally, Smithfield Trust Co lifted its position in shares of Interactive Brokers Group by 78.5% during the first quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 150 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer owned 158,954 shares in the company, valued at approximately $10,289,092.42. The trade was a 42.37% 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 Lawrence E. Harris sold 22,000 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the completion of the transaction, the director directly owned 231,704 shares in the company, valued at $15,670,141.52. This trade represents a 8.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,026,711 shares of company stock valued at $65,238,880 over the last ninety days. 2.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research reports. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Trading Up 2.6%

Interactive Brokers Group stock opened at $72.70 on Thursday. The company has a fifty day simple moving average of $67.50 and a 200-day simple moving average of $60.27. The stock has a market cap of $123.31 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $1.61 earnings per share. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.38%.

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.