13,054 Shares in Interactive Brokers Group, Inc. $IBKR Bought by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan purchased 13,054 shares of Interactive Brokers Group, valued at approximately $2.16 million, indicating increasing institutional interest in the company.
• Analysts have raised their price targets for Interactive Brokers Group, with Piper Sandler increasing its target to $65.00 and Barclays to $73.00, reflecting positive sentiment in the market.
• Interactive Brokers reported a quarterly EPS of $0.51, exceeding estimates, and declared a quarterly dividend of $0.08 per share, illustrating its financial strength.

Nissay Asset Management Corp Japan ADV purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,054 shares of the financial services provider's stock, valued at approximately $2,162,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Compound Planning Inc. increased its position in shares of Interactive Brokers Group by 1.1% during the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock valued at $958,000 after purchasing an additional 62 shares during the last quarter. CWM LLC increased its position in shares of Interactive Brokers Group by 6.6% during the 1st 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. Crossmark Global Holdings Inc. increased its holdings in Interactive Brokers Group by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock worth $1,410,000 after acquiring an additional 70 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Interactive Brokers Group by 4.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock worth $329,000 after acquiring an additional 79 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its holdings in Interactive Brokers Group by 3.3% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider's stock worth $411,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Up 0.6%

IBKR stock traded up $0.36 during midday trading on Friday, hitting $63.70. The company's stock had a trading volume of 3,395,904 shares, compared to its average volume of 10,104,486. Interactive Brokers Group, Inc. has a 12 month low of $31.07 and a 12 month high of $68.07. The firm has a market capitalization of $108.04 billion, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.23. The company has a 50 day moving average of $62.73 and a two-hundred day moving average of $52.54.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $1.76 EPS. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group's dividend payout ratio is currently 16.49%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IBKR shares. Barclays increased their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup increased their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Piper Sandler increased their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

Insider Buying and Selling

In other news, CFO Paul Jonathan Brody sold 107,493 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $61.87, for a total transaction of $6,650,591.91. Following the completion of the transaction, the chief financial officer directly owned 892,507 shares in the company, valued at approximately $55,219,408.09. This represents a 10.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider owned 461,500 shares of the company's stock, 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 have sold a total of 446,371 shares of company stock valued at $28,954,715 over the last quarter. Corporate 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.