Bristol Gate Capital Partners Inc. Makes New $77.93 Million Investment in Interactive Brokers Group, Inc. $IBKR

Bristol Gate Capital Partners Inc. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,211,726 shares of the financial services provider’s stock, valued at approximately $77,926,000. Interactive Brokers Group comprises approximately 4.5% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 13th largest holding.

Other large investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Interactive Brokers Group in the third quarter valued at $27,000. Entrust Financial LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at $31,000. Tucker Asset Management LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at $32,000. Lloyd Advisory Services LLC. acquired a new stake in Interactive Brokers Group in the fourth quarter valued at $33,000. Finally, Blue Trust Inc. grew its holdings in Interactive Brokers Group by 236.0% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 472 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on IBKR shares. BMO Capital Markets upped their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Piper Sandler upped their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Jefferies Financial Group lowered their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Barclays upped their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.25.

Interactive Brokers Group Stock Down 3.0%

IBKR opened at $81.35 on Friday. The firm has a market cap of $138.00 billion, a P/E ratio of 35.06, a PEG ratio of 2.32 and a beta of 1.32. Interactive Brokers Group, Inc. has a 52 week low of $49.15 and a 52 week high of $88.44. The business’s fifty day simple moving average is $75.48 and its 200 day simple moving average is $71.55.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 13.79%.

About Interactive Brokers Group

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.