Interactive Brokers Group, Inc. $IBKR Stock Position Lifted by Empowered Funds LLC

Empowered Funds LLC grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 251.3% in the second quarter, Holdings Channel.com reports. The fund owned 137,469 shares of the financial services provider’s stock after buying an additional 98,338 shares during the period. Empowered Funds LLC’s holdings in Interactive Brokers Group were worth $7,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IBKR. CWM LLC increased its stake in Interactive Brokers Group by 6.6% during the first quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 66 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Interactive Brokers Group by 176.2% in the 1st quarter. Private Advisor Group LLC now owns 4,762 shares of the financial services provider’s stock valued at $789,000 after buying an additional 3,038 shares during the period. Allianz Asset Management GmbH grew its position in shares of Interactive Brokers Group by 102.2% during the 1st quarter. Allianz Asset Management GmbH now owns 292,141 shares of the financial services provider’s stock valued at $48,376,000 after buying an additional 147,638 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Interactive Brokers Group by 27.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 6,512 shares of the financial services provider’s stock worth $1,078,000 after acquiring an additional 1,394 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Interactive Brokers Group in the first quarter worth about $10,471,000. 23.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction that occurred 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 directly owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lawrence E. Harris sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total value of $1,487,860.00. Following the sale, the director directly owned 231,704 shares in the company, valued at approximately $15,670,141.52. The trade was a 8.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,026,711 shares of company stock worth $65,238,880. 2.97% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. CICC Research initiated coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a research report on Thursday, November 13th. Barclays set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. Finally, Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Price Performance

IBKR opened at $64.56 on Thursday. The stock’s 50 day moving average price is $67.78 and its 200 day moving average price is $61.02. The stock has a market cap of $109.50 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.16 and a beta of 1.22. 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 released 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 company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 earnings per share. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

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.