Banco Bilbao Vizcaya Argentaria S.A. Buys New Stake in Interactive Brokers Group, Inc. $IBKR

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Interactive Brokers Group, Inc. during Q1, purchasing 27,091 shares for about $4.5 million.
• Research firms are optimistic about Interactive Brokers, with Barclays raising their price target from $65.00 to $73.00 and multiple analysts giving the stock a Buy rating.
• Interactive Brokers reported earnings of $0.51 per share, exceeding expectations, while also announcing a quarterly dividend of $0.08, reflecting a 0.5% yield.

Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 27,091 shares of the financial services provider's stock, valued at approximately $4,486,000.

Other hedge funds have also recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at $26,000. City Holding Co. purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at $33,000. Nvwm LLC purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at $33,000. ASR Vermogensbeheer N.V. purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at $33,000. Finally, Bellwether Advisors LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at $35,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IBKR. Barclays increased their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup raised their price objective 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. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $62.46 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $30.01 and a 1 year high of $68.07. The company has a market capitalization of $105.94 billion, a P/E ratio of 32.11, a PEG ratio of 2.54 and a beta of 1.22. The company's fifty day moving average is $59.64 and its two-hundred day moving average is $51.81.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is presently 16.49%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the sale, the insider owned 461,500 shares of the company's stock, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 233,972 shares of company stock valued at $15,746,449 over the last quarter. 2.97% of the stock is owned by insiders.

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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