Bares Capital Management Inc. Has $166.85 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Bares Capital Management Inc. boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 256.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,011,100 shares of the financial services provider’s stock after buying an additional 2,166,563 shares during the quarter. Interactive Brokers Group makes up 16.2% of Bares Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Bares Capital Management Inc.’s holdings in Interactive Brokers Group were worth $166,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. ORG Partners LLC grew its stake in shares of 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 acquiring an additional 363 shares in the last quarter. Huntington National Bank boosted its holdings in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares during the last quarter. Contravisory Investment Management Inc. grew its position in Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 423 shares in the last quarter. Private Wealth Asset Management LLC grew 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 worth $32,000 after purchasing an additional 435 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Interactive Brokers Group in the 2nd quarter valued at about $32,000. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IBKR. CICC Research began coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, BMO Capital Markets raised their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $72.19.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 400 shares of the stock in a transaction dated Thursday, October 23rd. The shares were bought at an average price of $65.95 per share, with a total value of $26,380.00. Following the completion of the transaction, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. This trade represents a 4.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence E. Harris sold 10,645 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the transaction, the director directly owned 198,704 shares of the company’s stock, valued at approximately $13,710,576. This trade represents a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 604,529 shares of company stock valued at $38,685,351 over the last three months. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Trading Down 2.9%

Interactive Brokers Group stock opened at $64.15 on Friday. The business’s 50 day simple moving average is $67.29 and its 200 day simple moving average is $62.67. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The company has a market cap of $108.81 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.01 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period last year, the business posted $1.61 earnings per share. As a group, equities research analysts forecast 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 was paid on Friday, December 12th. Investors of record on Monday, December 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 1st. Interactive Brokers Group’s payout ratio is currently 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.