5,343 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Commons Capital LLC

Key Points

• Commons Capital LLC has acquired 5,343 shares of Interactive Brokers Group, valued at approximately $296,000, during the second quarter, marking a new investment in the financial services provider.
• Large investors have significantly increased their holdings in Interactive Brokers, with Goldman Sachs boosting its stake by 50.2% and Thrive Wealth Management increasing by 243.8% in the second quarter.
• Analysts maintain a consensus rating of "Moderate Buy" for Interactive Brokers Group, with a target price raised by Citigroup from $53.75 to $60.00, while Barclays set a new price objective at $81.00.

Commons Capital LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,343 shares of the financial services provider's stock, valued at approximately $296,000.

Several other large investors have also made changes to their positions in IBKR. Goldman Sachs Group Inc. boosted its stake in Interactive Brokers Group by 50.2% in the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider's stock valued at $98,886,000 after buying an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC lifted its holdings in Interactive Brokers Group by 243.8% in the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider's stock valued at $482,000 after buying an additional 6,163 shares during the period. Farther Finance Advisors LLC grew its holdings in Interactive Brokers Group by 1,093.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider's stock worth $409,000 after acquiring an additional 6,760 shares during the period. Truist Financial Corp raised its position in shares of Interactive Brokers Group by 237.8% in the 2nd quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider's stock worth $11,230,000 after acquiring an additional 142,662 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Interactive Brokers Group in the 2nd quarter valued at about $231,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Activity

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the firm's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares of the company's stock, valued at $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 1,205,683 shares of company stock worth $77,217,965. Company insiders own 2.97% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on IBKR. Weiss Ratings restated a "hold (c)" rating on shares of Interactive Brokers Group in a report on Tuesday. Citigroup boosted their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Zacks Research lowered shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Barclays reiterated an "overweight" rating and set a $81.00 price objective (up previously from $73.00) on shares of Interactive Brokers Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $67.34.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $68.52 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35. The firm has a market cap of $116.22 billion, a PE ratio of 35.23, a P/E/G ratio of 2.85 and a beta of 1.22. The stock has a fifty day moving average price of $65.30 and a 200-day moving average price of $56.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm posted $1.61 EPS. The business's revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

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.

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