Interactive Brokers Group, Inc. $IBKR is Inspire Investing LLC’s 9th Largest Position

Inspire Investing LLC raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 355.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 215,690 shares of the financial services provider’s stock after buying an additional 168,349 shares during the quarter. Interactive Brokers Group comprises 1.3% of Inspire Investing LLC’s investment portfolio, making the stock its 9th largest position. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $11,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IBKR. American Century Companies Inc. raised its stake in shares of Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after purchasing an additional 1,343,007 shares during the last quarter. RV Capital AG raised its stake in shares of Interactive Brokers Group by 300.0% in the second quarter. RV Capital AG now owns 849,920 shares of the financial services provider’s stock worth $47,094,000 after purchasing an additional 637,440 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Interactive Brokers Group by 283.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 516,526 shares of the financial services provider’s stock worth $28,621,000 after purchasing an additional 381,656 shares during the last quarter. KBC Group NV grew its holdings in shares of Interactive Brokers Group by 255.1% in the first quarter. KBC Group NV now owns 522,221 shares of the financial services provider’s stock valued at $86,474,000 after acquiring an additional 375,173 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Interactive Brokers Group by 45.6% in the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock valued at $184,668,000 after acquiring an additional 349,255 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IBKR. Piper Sandler upped their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. BMO Capital Markets began coverage on Interactive Brokers Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $82.00 target price for the company. Barclays reaffirmed an “overweight” rating and issued a $81.00 target price (up from $73.00) on shares of Interactive Brokers Group in a report on Wednesday. Finally, Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.47.

Insider Activity

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. This represents a 37.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 1,205,683 shares of company stock worth $77,217,965 in the last quarter. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Trading Down 5.0%

Shares of NASDAQ IBKR opened at $69.01 on Friday. The stock has a fifty day simple moving average of $64.87 and a two-hundred day simple moving average of $55.47. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The firm has a market cap of $117.05 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.Interactive Brokers Group’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 earnings per share. Analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is currently 16.49%.

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.