Interactive Brokers Group, Inc. $IBKR Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 141,557 shares of the financial services provider's stock after purchasing an additional 7,574 shares during the quarter. Deutsche Bank AG's holdings in Interactive Brokers Group were worth $23,440,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Interactive Brokers Group by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 844,793 shares of the financial services provider's stock worth $139,889,000 after buying an additional 26,595 shares during the period. ASR Vermogensbeheer N.V. purchased a new stake in shares of Interactive Brokers Group in the 1st quarter worth $33,000. Vanguard Group Inc. grew its holdings 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 acquiring an additional 280,004 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in Interactive Brokers Group by 30.5% during the 1st quarter. Atria Wealth Solutions Inc. now owns 1,834 shares of the financial services provider's stock worth $304,000 after acquiring an additional 429 shares in the last quarter. Finally, Raiffeisen Bank International AG grew its holdings in Interactive Brokers Group by 49.8% during the 1st quarter. Raiffeisen Bank International AG now owns 5,116 shares of the financial services provider's stock worth $843,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

IBKR stock traded up $0.23 during trading on Monday, hitting $63.54. 1,415,588 shares of the company traded hands, compared to its average volume of 7,111,699. The stock's 50-day simple moving average is $58.94 and its 200 day simple moving average is $51.59. The company has a market cap of $107.41 billion, a PE ratio of 32.66, a P/E/G ratio of 2.58 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1 year low of $30.01 and a 1 year high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion for 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%. Interactive Brokers Group's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $1.76 earnings per share. Research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend 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 payout ratio is currently 16.49%.

Analysts Set New Price Targets

Several research analysts have issued reports on IBKR shares. 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 upped 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. Piper Sandler upped 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. 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 upped their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business'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 $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 233,972 shares of company stock worth $15,746,449 over the last three months. 2.97% of the stock is owned by insiders.

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.