Interactive Brokers Group, Inc. $IBKR Shares Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its stake in Interactive Brokers Group by 271.8%, now owning 15,989 shares valued at approximately $2.65 million.
• Several analysts have recently upgraded Interactive Brokers Group's stock rating, with target prices raised by firms like Goldman Sachs and Piper Sandler, indicating a generally positive sentiment towards the stock.
• Interactive Brokers Group announced a quarterly dividend of $0.08 per share, reflecting a modest annual yield of 0.5%, with a payout ratio of 16.49%.

Dynamic Technology Lab Private Ltd lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 271.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,989 shares of the financial services provider's stock after acquiring an additional 11,688 shares during the quarter. Interactive Brokers Group accounts for approximately 0.4% of Dynamic Technology Lab Private Ltd's investment portfolio, making the stock its 26th biggest holding. Dynamic Technology Lab Private Ltd's holdings in Interactive Brokers Group were worth $2,648,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction on 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 transaction, the insider owned 461,500 shares of the company's stock, valued at $31,146,635. This represents a 29.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 104,906 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $62.51, for a total value of $6,557,674.06. Following the transaction, the chief financial officer directly owned 787,601 shares in the company, valued at approximately $49,232,938.51. The trade was a 11.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 446,371 shares of company stock valued at $28,954,715. 2.97% of the stock is owned by company insiders.

Interactive Brokers Group Stock Up 1.4%

IBKR stock traded up $0.90 during midday trading on Friday, hitting $64.24. The company's stock had a trading volume of 1,755,580 shares, compared to its average volume of 7,519,633. The firm has a market capitalization of $108.96 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. Interactive Brokers Group, Inc. has a 12 month low of $31.07 and a 12 month high of $68.07. The company has a 50 day moving average of $62.61 and a two-hundred day moving average of $52.43.

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 earnings per share 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 quarter in the prior year, the firm posted $1.76 EPS. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders 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 payout ratio is 16.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IBKR shares. Citigroup upped their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Piper Sandler raised their price target 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. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Barclays upped their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Company 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.