Capital CS Group LLC Buys Shares of 7,779 Interactive Brokers Group, Inc. $IBKR

Key Points

• Capital CS Group LLC invested approximately $431,000 in Interactive Brokers Group, acquiring 7,779 shares, representing 0.7% of its holdings.
• Insider activity includes Vice Chairman Earl H. Nemser selling 194,086 shares for over $13 million, indicating a significant reduction in personal stakes.
• Equities analysts have raised price targets for Interactive Brokers Group, with Barclays setting a new target of $73.00, reflecting positive sentiment towards the stock.

Capital CS Group LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,779 shares of the financial services provider's stock, valued at approximately $431,000. Interactive Brokers Group comprises 0.7% of Capital CS Group LLC's holdings, making the stock its 25th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Interactive Brokers Group by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock worth $1,714,108,000 after purchasing an additional 280,004 shares during the last quarter. American Century Companies Inc. lifted its position 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 valued at $237,453,000 after acquiring an additional 1,343,007 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Interactive Brokers Group by 13.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider's stock worth $203,710,000 after acquiring an additional 145,870 shares during the last quarter. Invesco Ltd. boosted its position 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 acquiring an additional 349,255 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Interactive Brokers Group by 8.7% in the first quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider's stock worth $157,770,000 after acquiring an additional 76,283 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IBKR. Citigroup increased 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 increased their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Piper Sandler increased their price target on shares of 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, Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded down $0.81 during midday trading on Monday, hitting $64.22. 4,775,825 shares of the company's stock traded hands, compared to its average volume of 10,508,868. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $68.07. The firm has a fifty day moving average of $63.37 and a 200 day moving average of $53.14. The stock has a market capitalization of $108.93 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The firm 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 for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 EPS. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 16.49%.

Insider Transactions at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the transaction, the chief financial officer directly owned 158,954 shares in the company, valued at $10,289,092.42. The trade was a 42.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction on 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 transaction, the insider owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their position. 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 in the last quarter. Insiders own 2.97% of the company's stock.

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.