IFM Investors Pty Ltd Invests $3.71 Million in Interactive Brokers Group, Inc. $IBKR

IFM Investors Pty Ltd bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the first quarter, Holdings Channel.com reports. The fund bought 22,389 shares of the financial services provider’s stock, valued at approximately $3,707,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Compound Planning Inc. increased its position in shares of Interactive Brokers Group by 1.1% during the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 62 shares in the last quarter. CWM LLC increased its position in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 66 shares during the period. Crossmark Global Holdings Inc. increased its position in Interactive Brokers Group by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock valued at $1,410,000 after acquiring an additional 70 shares during the period. USS Investment Management Ltd increased its position in Interactive Brokers Group by 0.4% in the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock valued at $3,339,000 after acquiring an additional 76 shares during the period. Finally, Ritholtz Wealth Management increased its position in Interactive Brokers Group by 4.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

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 stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the sale, the insider owned 461,500 shares of the company’s stock, valued at $31,146,635. The trade was a 29.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul Jonathan Brody sold 104,906 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $62.51, for a total value of $6,557,674.06. Following the sale, the chief financial officer directly owned 787,601 shares in the company, valued at $49,232,938.51. This trade represents a 11.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 446,371 shares of company stock worth $28,954,715 in the last three months. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Trading Up 1.3%

Shares of IBKR opened at $63.34 on Friday. The stock’s 50 day moving average is $62.61 and its two-hundred day moving average is $52.43. The firm has a market capitalization of $107.43 billion, a PE ratio of 32.57, a P/E/G ratio of 2.54 and a beta of 1.23. Interactive Brokers Group, Inc. has a twelve month low of $30.60 and a twelve month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion for 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%.The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.76 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is 16.49%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup boosted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. The Goldman Sachs Group boosted their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Barclays boosted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Finally, Piper Sandler boosted their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.38.

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.