Interactive Brokers Group, Inc. $IBKR Shares Acquired by Inceptionr LLC

Inceptionr LLC lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 362.7% during the 2nd quarter, Holdings Channel reports. The fund owned 9,212 shares of the financial services provider’s stock after buying an additional 7,221 shares during the quarter. Inceptionr LLC’s holdings in Interactive Brokers Group were worth $510,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Compound Planning Inc. raised its stake in Interactive Brokers Group by 1.1% during the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 62 shares during the period. USS Investment Management Ltd raised its position in shares of Interactive Brokers Group by 0.4% during the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock valued at $3,339,000 after buying an additional 76 shares during the period. Measured Wealth Private Client Group LLC lifted its holdings in Interactive Brokers Group by 4.4% in the first quarter. Measured Wealth Private Client Group LLC now owns 3,012 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 127 shares during the last quarter. Summit Financial LLC lifted its holdings in Interactive Brokers Group by 9.0% in the first quarter. Summit Financial LLC now owns 1,585 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 131 shares during the last quarter. Finally, Smithfield Trust Co grew its position in Interactive Brokers Group by 78.5% in the first quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 22,000 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the sale, the director owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. This represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,026,711 shares of company stock valued at $65,238,880. Insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Interactive Brokers Group in a research note on Tuesday. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Friday, October 17th. CICC Research started coverage on shares of Interactive Brokers Group in a research report 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 shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $72.08.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $64.19 on Friday. The stock has a market capitalization of $108.88 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The business has a 50-day moving average of $67.73 and a 200 day moving average of $61.63. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 earnings per share. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is 15.38%.

Interactive Brokers Group 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.