Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 844,793 shares of the financial services provider's stock after purchasing an additional 26,595 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.20% of Interactive Brokers Group worth $139,889,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Interactive Brokers Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock valued at $1,714,108,000 after purchasing an additional 280,004 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after purchasing an additional 1,117,186 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Interactive Brokers Group by 53.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,084,337 shares of the financial services provider's stock valued at $191,570,000 after purchasing an additional 376,004 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Interactive Brokers Group by 17.7% in the 1st quarter. Bank of New York Mellon Corp now owns 885,346 shares of the financial services provider's stock valued at $146,604,000 after purchasing an additional 132,914 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Interactive Brokers Group by 14.7% in the 4th quarter. Northern Trust Corp now owns 876,489 shares of the financial services provider's stock valued at $154,849,000 after purchasing an additional 112,500 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 39,786 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $66.38, for a total value of $2,640,994.68. Following the completion of the transaction, the insider directly owned 360,114 shares in the company, valued at $23,904,367.32. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. 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. Barclays boosted their price objective 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. The Goldman Sachs Group boosted their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Interactive Brokers Group Stock Up 0.7%

NASDAQ IBKR traded up $0.47 on Thursday, hitting $63.96. The stock had a trading volume of 3,107,403 shares, compared to its average volume of 7,171,457. Interactive Brokers Group, Inc. has a one year low of $29.87 and a one year high of $68.07. The stock has a market cap of $108.13 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 2.76 and a beta of 1.22. The company's 50-day moving average is $58.49 and its two-hundred day moving average is $51.46.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its 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 analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. Interactive Brokers Group's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 EPS. On average, sell-side analysts anticipate 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 disclosed 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 is Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is 16.49%.

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.