Interactive Brokers Group, Inc. $IBKR Shares Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 139.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,614 shares of the financial services provider’s stock after acquiring an additional 9,690 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Interactive Brokers Group were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBKR. Cantillon Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 288.7% in the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after purchasing an additional 9,509,805 shares in the last quarter. Vanguard Group Inc. lifted its position in Interactive Brokers Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock valued at $1,714,108,000 after buying an additional 280,004 shares in the last quarter. Waverton Investment Management Ltd grew its stake in Interactive Brokers Group by 2,148.3% during the second quarter. Waverton Investment Management Ltd now owns 4,441,243 shares of the financial services provider’s stock worth $246,089,000 after buying an additional 4,243,702 shares during the period. Bank of New York Mellon Corp grew its stake in Interactive Brokers Group by 265.2% during the second quarter. Bank of New York Mellon Corp now owns 3,233,651 shares of the financial services provider’s stock worth $179,177,000 after buying an additional 2,348,305 shares during the period. Finally, AGF Management Ltd. increased its position in shares of Interactive Brokers Group by 269.7% in the second quarter. AGF Management Ltd. now owns 2,064,368 shares of the financial services provider’s stock worth $114,387,000 after acquiring an additional 1,505,991 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IBKR. BMO Capital Markets upped their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Barclays set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. Finally, Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.08.

Interactive Brokers Group Trading Down 7.8%

IBKR stock opened at $67.04 on Friday. The firm has a 50 day simple moving average of $67.55 and a 200-day simple moving average of $60.32. The company has a market capitalization of $113.71 billion, a P/E ratio of 32.19, a PEG ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve 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 (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $1.61 earnings per share. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company 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. 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%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 10,645 shares of Interactive Brokers Group stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the transaction, the director owned 198,704 shares of the company’s stock, valued at $13,710,576. The trade was a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jill Bright purchased 400 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The stock was acquired at an average cost of $65.95 per share, with a total value of $26,380.00. Following the completion of the acquisition, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. This trade 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 valued at $65,238,880 over the last three months. 2.97% of the stock is owned by insiders.

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.