Blue Whale Capital LLP Invests $21.72 Million in Interactive Brokers Group, Inc. $IBKR

Blue Whale Capital LLP acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 315,583 shares of the financial services provider’s stock, valued at approximately $21,715,000. Interactive Brokers Group accounts for approximately 1.2% of Blue Whale Capital LLP’s portfolio, making the stock its 21st largest holding.

Other hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in Interactive Brokers Group in the third quarter worth about $27,000. N.E.W. Advisory Services LLC raised its position in Interactive Brokers Group by 300.0% in the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 474 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Interactive Brokers Group by 1,051.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 694 shares during the last quarter. Smithfield Trust Co boosted its stake in shares of Interactive Brokers Group by 124.0% during the 2nd quarter. Smithfield Trust Co now owns 764 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 423 shares during the last quarter. Finally, Sittner & Nelson LLC grew its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Sittner & Nelson LLC now owns 788 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 591 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

IBKR has been the topic of a number of recent research reports. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, January 21st. BMO Capital Markets raised their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $76.39.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $68.50 on Wednesday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The company’s fifty day moving average price is $72.54 and its 200-day moving average price is $68.29. The company has a market capitalization of $116.19 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.89 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. Interactive Brokers Group’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is currently owned by company insiders.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.