4,188 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Cigna Investments Inc. New

Key Points

• Cigna Investments Inc. New acquired 4,188 shares of Interactive Brokers Group, Inc. valued at approximately $232,000 in Q2, as revealed in their recent SEC filing.
• Analysts have increased their price targets for the stock, with Piper Sandler setting a new target of $65.00 and Citigroup raising it to $60.00, while the overall consensus rating is a "Moderate Buy" with an average target of $59.38.
• CFO Paul Jonathan Brody sold 14,391 shares of the company's stock, reducing his ownership by nearly 19.44%, as insiders collectively sold over 1.1 million shares in the last quarter.

Cigna Investments Inc. New purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,188 shares of the financial services provider's stock, valued at approximately $232,000.

A number of other hedge funds also recently made changes to their positions in the company. Compound Planning Inc. lifted its position in shares of 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 in the last quarter. CWM LLC lifted its holdings in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock worth $176,000 after buying an additional 66 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position 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 valued at $1,410,000 after buying an additional 70 shares during the last quarter. USS Investment Management Ltd grew its stake in shares of Interactive Brokers Group by 0.4% during the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock valued at $3,339,000 after acquiring an additional 76 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Interactive Brokers Group by 4.1% during the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 14,391 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $64.81, for a total value of $932,680.71. Following the transaction, the chief financial officer owned 59,643 shares of the company's stock, valued at $3,865,462.83. This trade represents a 19.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 1,174,329 shares of company stock worth $75,169,366 in the last quarter. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Trading Up 0.8%

Shares of NASDAQ IBKR opened at $64.97 on Friday. The company has a market capitalization of $110.20 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 2.62 and a beta of 1.23. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $68.07. The business has a 50 day simple moving average of $63.69 and a 200-day simple moving average of $53.46.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) 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 firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period last year, the business posted $1.76 earnings per share. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors 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 of this dividend was Friday, August 29th. Interactive Brokers Group's dividend payout ratio is currently 16.49%.

About Interactive Brokers Group

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.

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