Interactive Brokers Group, Inc. $IBKR Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 244.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 780,044 shares of the financial services provider’s stock after purchasing an additional 553,752 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Interactive Brokers Group were worth $43,932,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IBKR. Vanguard Group Inc. increased its position in Interactive Brokers Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock worth $1,714,108,000 after purchasing an additional 280,004 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Interactive Brokers Group by 1,476.3% during 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 acquiring an additional 1,343,007 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Interactive Brokers Group by 13.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider’s stock valued at $203,710,000 after purchasing an additional 145,870 shares during the period. Invesco Ltd. boosted its stake in Interactive Brokers Group by 45.6% during the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock valued at $184,668,000 after purchasing an additional 349,255 shares during the period. Finally, Northern Trust Corp boosted its stake in Interactive Brokers Group by 8.7% during the 1st quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider’s stock valued at $157,770,000 after purchasing an additional 76,283 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,205,683 shares of company stock worth $77,217,965 over the last 90 days. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $69.36 on Wednesday. The stock has a fifty day moving average of $65.09 and a 200-day moving average of $55.94. The stock has a market capitalization of $117.64 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 2.90 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $1.76 EPS. 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 business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 16.49%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IBKR. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Citigroup raised their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday. BMO Capital Markets began coverage on Interactive Brokers Group in a report on Friday, October 3rd. They set an “outperform” rating and a $82.00 price target for the company. Finally, Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.34.

Interactive Brokers Group Company Profile

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.