AustralianSuper Pty Ltd Buys Shares of 24,472 Interactive Brokers Group, Inc. $IBKR

AustralianSuper Pty Ltd bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 24,472 shares of the financial services provider’s stock, valued at approximately $1,356,000.

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

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $69.49 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The business has a fifty day moving average price of $65.61 and a 200 day moving average price of $57.79. The stock has a market capitalization of $117.86 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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 revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 earnings per share. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed 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. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s payout ratio is 15.38%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $68.50, for a total value of $548,000.00. Following the completion of the sale, the director directly owned 223,704 shares in the company, valued at $15,323,724. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the transaction, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,235,583 shares of company stock valued at $79,247,235 over the last 90 days. Insiders own 2.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on IBKR shares. Citigroup lifted 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. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. The Goldman Sachs Group restated a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday, October 17th. Finally, Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.08.

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.