Interactive Brokers Group, Inc. $IBKR Stock Holdings Boosted by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft significantly increased its stake in Interactive Brokers Group, acquiring 16,878 additional shares, bringing its total holdings to 18,390 shares valued at approximately $1,011,000.
• Insider trading revealed significant sell-offs, with CFO Paul Jonathan Brody selling 112,574 shares and Vice Chairman Earl H. Nemser selling 194,086 shares, indicating a substantial decrease in their ownership of the stock.
• Interactive Brokers Group reported a revenue of $1.48 billion for the last quarter, exceeding analysts' expectations, with earnings per share of $0.51 compared to a projected $0.46.

Baader Bank Aktiengesellschaft increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1,116.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,390 shares of the financial services provider's stock after acquiring an additional 16,878 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Interactive Brokers Group were worth $1,011,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group during the first quarter valued at approximately $26,000. City Holding Co. acquired a new stake in Interactive Brokers Group during the first quarter valued at approximately $33,000. Nvwm LLC acquired a new stake in Interactive Brokers Group during the first quarter valued at approximately $33,000. ASR Vermogensbeheer N.V. acquired a new stake in Interactive Brokers Group during the first quarter valued at approximately $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Interactive Brokers Group during the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 461,500 shares of the company's stock, valued at $31,146,635. This represents a 29.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was 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. Insiders sold a total of 1,075,018 shares of company stock valued at $68,746,758 over the last three months. Corporate insiders own 2.97% of the company's stock.

Analyst Upgrades and Downgrades

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

Interactive Brokers Group Stock Down 1.2%

Shares of NASDAQ:IBKR traded down $0.81 during trading on Monday, hitting $64.22. 4,775,825 shares of the company traded hands, compared to its average volume of 10,508,868. The stock has a market capitalization of $108.93 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 2.65 and a beta of 1.23. The business's fifty day moving average is $63.37 and its 200-day moving average is $53.14. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 earnings per share. On average, analysts forecast 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. Investors of record on Monday, September 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group's dividend payout ratio is 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.