Swiss National Bank Purchases 13,300 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Swiss National Bank grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,300 shares of the financial services provider’s stock after acquiring an additional 13,300 shares during the period. Swiss National Bank’s holdings in Interactive Brokers Group were worth $18,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Interactive Brokers Group by 7.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,786 shares of the financial services provider’s stock worth $4,136,000 after purchasing an additional 3,452 shares during the period. Rhumbline Advisers boosted its holdings in shares of Interactive Brokers Group by 4.3% during the second quarter. Rhumbline Advisers now owns 302,536 shares of the financial services provider’s stock worth $25,132,000 after purchasing an additional 12,484 shares during the period. Advisor OS LLC boosted its holdings in shares of Interactive Brokers Group by 6.4% during the second quarter. Advisor OS LLC now owns 12,750 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 772 shares during the period. Bronte Capital Management Pty Ltd. boosted its holdings in shares of Interactive Brokers Group by 1.4% during the second quarter. Bronte Capital Management Pty Ltd. now owns 836,451 shares of the financial services provider’s stock worth $69,484,000 after purchasing an additional 11,779 shares during the period. Finally, Leeward Financial Partners LLC purchased a new stake in shares of Interactive Brokers Group during the second quarter worth about $235,000. 21.56% of the stock is owned by institutional investors.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 11,747 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $94.64, for a total value of $1,111,736.08. Following the completion of the sale, the chief financial officer now owns 488,253 shares of the company’s stock, valued at approximately $46,208,263.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Interactive Brokers Group news, insider Thomas Aj Frank sold 12,827 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $88.30, for a total value of $1,132,624.10. Following the completion of the sale, the insider now owns 853,436 shares of the company’s stock, valued at approximately $75,358,398.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Paul Jonathan Brody sold 11,747 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $94.64, for a total transaction of $1,111,736.08. Following the sale, the chief financial officer now directly owns 488,253 shares of the company’s stock, valued at approximately $46,208,263.92. The disclosure for this sale can be found here. Insiders sold 556,057 shares of company stock valued at $48,819,378 over the last 90 days. Corporate insiders own 3.34% of the company’s stock.

Interactive Brokers Group Stock Up 0.9 %

Shares of IBKR opened at $79.19 on Monday. The company has a market capitalization of $33.34 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 0.66 and a beta of 0.78. The firm has a 50 day moving average of $84.83 and a 200 day moving average of $84.25. Interactive Brokers Group, Inc. has a twelve month low of $68.23 and a twelve month high of $95.59.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. Interactive Brokers Group had a net margin of 8.01% and a return on equity of 4.65%. The firm’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 5.74 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 7.29%.

Analyst Ratings Changes

Several analysts have commented on IBKR shares. The Goldman Sachs Group started coverage on shares of Interactive Brokers Group in a report on Tuesday, September 19th. They issued a “neutral” rating and a $97.00 price objective for the company. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, October 9th. StockNews.com started coverage on shares of Interactive Brokers Group in a report on Thursday, October 5th. They set a “hold” rating for the company. Barclays lifted their target price on shares of Interactive Brokers Group from $110.00 to $112.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Finally, UBS Group started coverage on shares of Interactive Brokers Group in a report on Tuesday, October 3rd. They set a “buy” rating and a $113.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.43.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.