Interactive Brokers Group, Inc. $IBKR is Inspire Investing LLC’s 8th Largest Position

Inspire Investing LLC lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,283 shares of the financial services provider’s stock after selling 13,407 shares during the period. Interactive Brokers Group makes up 1.4% of Inspire Investing LLC’s portfolio, making the stock its 8th biggest position. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $13,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IBKR. Goldman Sachs Group Inc. grew its stake in shares of Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock valued at $98,886,000 after acquiring an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC boosted its stake in shares of Interactive Brokers Group by 243.8% during the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after buying an additional 6,163 shares during the last quarter. Quinn Opportunity Partners LLC grew its position in shares of Interactive Brokers Group by 158.0% during the second quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock worth $17,233,000 after buying an additional 190,452 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Interactive Brokers Group by 290.7% in the second quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock worth $310,435,000 after buying an additional 4,168,530 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Interactive Brokers Group by 335.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock valued at $20,724,000 after acquiring an additional 288,055 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $65.84 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35. The firm has a market cap of $111.67 billion, a P/E ratio of 31.61, a PEG ratio of 2.01 and a beta of 1.26. The stock has a fifty day moving average price of $66.30 and a two-hundred day moving average price of $63.41.

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%.The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 earnings per share. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is currently 15.38%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IBKR shares. CICC Research assumed coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday. BMO Capital Markets upped their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. Finally, Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $72.19.

Insider Buying and Selling

In related news, Director Lawrence E. Harris sold 10,645 shares of the firm’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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jill Bright purchased 400 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was bought at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the acquisition, the director directly owned 10,304 shares of the company’s stock, valued at $679,548.80. This represents a 4.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 72,058 shares of company stock worth $4,889,438. Corporate insiders own 2.97% of the company’s stock.

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.