Blair William & Co. IL Buys Shares of 4,065 Interactive Brokers Group, Inc. $IBKR

Key Points

• Blair William & Co. IL has acquired 4,065 shares of Interactive Brokers Group, valued at approximately $225,000, marking a new investment in the second quarter.
• Interactive Brokers reported earnings of $0.57 per share for the latest quarter, surpassing expectations and indicating a 21.2% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.08, with a dividend yield of 0.5%, to be paid on December 12th.

Blair William & Co. IL purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,065 shares of the financial services provider's stock, valued at approximately $225,000.

Several other institutional investors have also modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in Interactive Brokers Group by 50.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider's stock worth $98,886,000 after purchasing an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC increased its position in shares of Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider's stock worth $482,000 after acquiring an additional 6,163 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Interactive Brokers Group by 1,093.9% during the second 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 in the last quarter. Truist Financial Corp raised its holdings in shares of Interactive Brokers Group by 237.8% during the second 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 during the period. Finally, Kingswood Wealth Advisors LLC bought a new stake in Interactive Brokers Group in the 2nd quarter valued at $231,000. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Down 3.3%

Shares of Interactive Brokers Group stock opened at $66.23 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35. The stock has a market cap of $112.34 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.71 and a beta of 1.22. The business's 50 day moving average is $65.30 and its 200-day moving average is $56.47.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.17%. The business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same period last year, the business earned $1.61 earnings per share. The firm's revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group's dividend payout ratio is presently 15.38%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays set a $80.00 target price on Interactive Brokers Group and gave the stock an "overweight" rating in a report on Friday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the stock an "overweight" rating in a report on Tuesday. BMO Capital Markets boosted their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.34.

Insider Transactions at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction 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 sale, the chief financial officer owned 158,954 shares in the company, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders have sold 1,205,683 shares of company stock valued at $77,217,965 in the last quarter. 2.97% of the stock is currently owned by corporate insiders.

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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