Mn Services Vermogensbeheer B.V. Acquires Shares of 83,600 Interactive Brokers Group, Inc. $IBKR

Key Points

• Mn Services Vermogensbeheer B.V. has acquired 83,600 shares of Interactive Brokers Group, Inc. valued at approximately $4.6 million, indicating growing interest from institutional investors.
• Interactive Brokers reported a quarterly EPS of $0.51, exceeding the analyst estimate of $0.46, with a revenue of $1.48 billion, up 14.7% year-over-year.
• The company recently declared a quarterly dividend of $0.08 per share, representing an annualized yield of 0.5% with a payout ratio of 16.49%.

Mn Services Vermogensbeheer B.V. acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 83,600 shares of the financial services provider's stock, valued at approximately $4,632,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compound Planning Inc. raised its position in Interactive Brokers Group by 1.1% in the first 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 period. CWM LLC raised its position in Interactive Brokers Group by 6.6% in 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 period. Crossmark Global Holdings Inc. raised its position in Interactive Brokers Group by 0.8% in the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after purchasing an additional 70 shares during the period. USS Investment Management Ltd raised its position in Interactive Brokers Group by 0.4% in 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 purchasing an additional 76 shares during the period. Finally, Ritholtz Wealth Management raised its position in Interactive Brokers Group by 4.1% in the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction dated Tuesday, August 12th. The stock was 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 in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction dated 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 owned 158,954 shares in the company, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,075,018 shares of company stock worth $68,746,758. Company insiders own 2.97% of the company's stock.

Analyst Ratings Changes

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

Interactive Brokers Group Stock Up 1.0%

NASDAQ IBKR traded up $0.67 during trading hours on Tuesday, hitting $64.89. 2,685,154 shares of the company were exchanged, compared to its average volume of 7,432,589. The company has a 50 day moving average of $63.37 and a two-hundred day moving average of $53.14. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $68.07. The firm has a market cap of $110.06 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.65 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the business earned $1.76 EPS. Interactive Brokers Group's revenue was up 14.7% on a year-over-year basis. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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