ASR Vermogensbeheer N.V. Boosts Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Interactive Brokers Group, Inc. by 1,884.2% during the 2nd quarter, holding a total of 4,008 shares valued at $222,000.
• Recent insider transactions included Vice Chairman Earl H. Nemser selling 194,086 shares at an average price of $67.49, reducing his ownership by 29.60%.
• Interactive Brokers Group recently declared a quarterly dividend of $0.08 per share, resulting in an annualized yield of 0.5%.

ASR Vermogensbeheer N.V. lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1,884.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,008 shares of the financial services provider's stock after purchasing an additional 3,806 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Interactive Brokers Group were worth $222,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group in the first quarter worth $26,000. ORG Partners LLC increased its holdings in shares of Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock worth $27,000 after buying an additional 363 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock worth $31,000 after buying an additional 423 shares during the last quarter. City Holding Co. purchased a new stake in Interactive Brokers Group during the first quarter valued at approximately $33,000. Finally, Nvwm LLC purchased a new stake in Interactive Brokers Group during the 1st quarter valued at $33,000. Institutional investors own 23.80% of the company's stock.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the sale, the insider owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company's stock in a transaction that occurred on 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 directly owned 158,954 shares of the company's stock, valued at $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,205,683 shares of company stock worth $77,217,965. Company insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Down 0.8%

Shares of Interactive Brokers Group stock opened at $70.36 on Monday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $71.78. The company has a market capitalization of $119.34 billion, a P/E ratio of 36.17, a P/E/G ratio of 2.89 and a beta of 1.22. The company has a 50 day moving average of $64.33 and a 200 day moving average of $54.71.

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 for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company's revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed 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 annualized dividend 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%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BMO Capital Markets began coverage on Interactive Brokers Group in a research note on Friday. They set an "outperform" rating and a $82.00 price target for the company. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Piper Sandler raised their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Barclays boosted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Interactive Brokers Group in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.47.

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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