Caitlin John LLC Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Key Points

• Caitlin John LLC invested approximately $1.39 million in Interactive Brokers Group, acquiring 25,042 shares, which represents about 1.3% of the firm's total holdings.
• Interactive Brokers Group reported earnings of $0.51 per share for the most recent quarter, exceeding analysts' expectations, with revenue up 14.7% year-over-year, totaling $1.48 billion.
• The company declared a quarterly dividend of $0.08 per share, resulting in an annualized dividend yield of 0.5%, with an ex-dividend date on August 29th.

Caitlin John LLC purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,042 shares of the financial services provider's stock, valued at approximately $1,388,000. Interactive Brokers Group comprises approximately 1.3% of Caitlin John LLC's holdings, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBKR. American Century Companies Inc. raised its holdings in shares of Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after buying an additional 1,343,007 shares during the last quarter. RV Capital AG raised its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock worth $47,094,000 after buying an additional 637,440 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Interactive Brokers Group by 22,211.1% in the first quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock worth $701,950,000 after buying an additional 422,010 shares during the last quarter. KBC Group NV raised its holdings in shares of Interactive Brokers Group by 255.1% in the first quarter. KBC Group NV now owns 522,221 shares of the financial services provider's stock worth $86,474,000 after buying an additional 375,173 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Interactive Brokers Group by 45.6% in the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock worth $184,668,000 after buying an additional 349,255 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 0.2%

Shares of NASDAQ IBKR opened at $65.03 on Monday. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $68.07. The stock has a market cap of $110.30 billion, a PE ratio of 33.43, a P/E/G ratio of 2.65 and a beta of 1.23. The company has a 50-day moving average of $63.27 and a 200 day moving average of $53.03.

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 (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the company earned $1.76 EPS. Interactive Brokers Group's revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS 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. Investors of record on Monday, September 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend 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 currently 16.49%.

Analyst Ratings Changes

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

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were 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 of the company's stock, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the sale, the chief financial officer directly owned 158,954 shares of the company's stock, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,075,018 shares of company stock valued at $68,746,758. 2.97% of the stock is 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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