Caxton Associates LLP Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Key Points

• Caxton Associates LLP acquired a new stake in Interactive Brokers Group, purchasing 8,358 shares valued at approximately $1.38 million in the first quarter.
• Several hedge funds significantly increased their positions in Interactive Brokers Group, with American Century Companies Inc. boosting their holdings by 1,476.3% to over $237 million during the same period.
• Interactive Brokers Group recently announced a quarterly dividend of $0.08 per share, reflecting a 0.5% dividend yield and a 16.49% payout ratio.

Caxton Associates LLP bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,358 shares of the financial services provider's stock, valued at approximately $1,384,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Interactive Brokers Group during the 1st quarter valued at approximately $26,000. City Holding Co. purchased a new position in shares of Interactive Brokers Group during the 1st quarter valued at approximately $33,000. Nvwm LLC bought a new position in Interactive Brokers Group during the first quarter worth $33,000. ASR Vermogensbeheer N.V. bought a new position in Interactive Brokers Group during the first quarter worth $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Interactive Brokers Group during the first quarter worth $43,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 107,493 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $61.87, for a total transaction of $6,650,591.91. Following the completion of the sale, the chief financial officer directly owned 892,507 shares in the company, valued at approximately $55,219,408.09. This trade represents a 10.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold a total of 446,371 shares of company stock valued at $28,954,715 in the last quarter. 2.97% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Up 0.6%

NASDAQ:IBKR traded up $0.36 during mid-day trading on Friday, reaching $63.70. 3,395,904 shares of the stock were exchanged, compared to its average volume of 10,073,987. The business has a fifty day moving average price of $62.73 and a 200 day moving average price of $52.52. The firm has a market capitalization of $108.04 billion, a PE ratio of 32.75, a PEG ratio of 2.58 and a beta of 1.23. Interactive Brokers Group, Inc. has a 1-year low of $31.07 and a 1-year high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company earned $1.76 earnings per share. 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 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be given a $0.08 dividend. The ex-dividend date is 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 16.49%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IBKR shares. Citigroup raised their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Piper Sandler raised their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Barclays raised their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, The Goldman Sachs Group increased their target price on 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 assigned a Hold rating to the stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and an average target price of $59.38.

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.