Interactive Brokers Group, Inc. $IBKR Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 952,772 shares of the financial services provider’s stock after acquiring an additional 76,283 shares during the period. Northern Trust Corp owned approximately 0.23% of Interactive Brokers Group worth $157,770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IBKR. N.E.W. Advisory Services LLC acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at $26,000. City Holding Co. acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at $33,000. Nvwm LLC acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at $33,000. ASR Vermogensbeheer N.V. acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at $33,000. Finally, Bellwether Advisors LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

IBKR opened at $62.40 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $68.07. The business has a 50-day moving average of $60.10 and a 200-day moving average of $51.90. The company has a market capitalization of $105.84 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business earned $1.76 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group’s payout ratio is currently 16.49%.

Analysts Set New Price Targets

A number of brokerages have commented on IBKR. Piper Sandler raised their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Citigroup raised their price objective 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. Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Barclays raised their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 233,972 shares of company stock valued at $15,746,449. Insiders own 2.97% of the company’s stock.

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.