Vise Technologies Inc. Takes $1.82 Million Position in Interactive Brokers Group, Inc. $IBKR

Vise Technologies Inc. acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,808 shares of the financial services provider’s stock, valued at approximately $1,818,000.

Other large investors also recently made changes to their positions in the company. Cantillon Capital Management LLC raised its stake in Interactive Brokers Group by 288.7% during the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after buying an additional 9,509,805 shares during the period. Waverton Investment Management Ltd raised its position in shares of 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 purchasing an additional 4,243,702 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Interactive Brokers Group by 265.2% in the 2nd 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 purchasing an additional 2,348,305 shares in the last quarter. AGF Management Ltd. grew its position in Interactive Brokers Group by 269.7% in the 2nd quarter. AGF Management Ltd. now owns 2,064,368 shares of the financial services provider’s stock valued at $114,387,000 after purchasing an additional 1,505,991 shares during the period. Finally, American Century Companies Inc. grew its position in Interactive Brokers Group by 1,476.3% in the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock valued at $237,453,000 after purchasing an additional 1,343,007 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the transaction, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence E. Harris sold 10,645 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the sale, the director directly owned 198,704 shares in the company, valued at approximately $13,710,576. This trade represents a 5.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,026,711 shares of company stock worth $65,238,880. Company insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of recent research reports. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. BMO Capital Markets upped their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Interactive Brokers Group Trading Down 0.4%

NASDAQ:IBKR opened at $70.87 on Wednesday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The firm’s 50 day moving average is $67.32 and its 200 day moving average is $60.18. The stock has a market capitalization of $120.21 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.Interactive Brokers Group’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 earnings per share. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current 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 issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

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.