Forsta AP Fonden Invests $8.05 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• Forsta AP Fonden has invested approximately $8.05 million in Interactive Brokers Group, acquiring 48,600 shares of the financial services provider during the first quarter.
• Interactive Brokers Group reported a quarterly earnings of $0.51 per share, surpassing analysts' expectations of $0.46, and showed a revenue increase of 14.7% year-over-year.
• The company announced a quarterly dividend of $0.08 per share, with an ex-dividend date of August 29th, reflecting a 0.5% yield and a payout ratio of 16.49%.

Forsta AP Fonden acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,600 shares of the financial services provider's stock, valued at approximately $8,048,000.

Other hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in Interactive Brokers Group during the 1st quarter valued at about $26,000. City Holding Co. acquired a new stake in shares of Interactive Brokers Group in the 1st quarter valued at approximately $33,000. Nvwm LLC acquired a new stake in Interactive Brokers Group during the 1st quarter worth approximately $33,000. ASR Vermogensbeheer N.V. acquired a new stake in Interactive Brokers Group during the 1st quarter worth approximately $33,000. Finally, Bellwether Advisors LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $35,000. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 2.6%

Shares of NASDAQ IBKR opened at $65.91 on Friday. The company has a market cap of $111.42 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.69 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12 month low of $28.63 and a 12 month high of $66.82. The stock has a 50-day moving average price of $57.65 and a two-hundred day moving average price of $51.19.

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, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 earnings per share. On average, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 yield of 0.5%. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America decreased their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a research note on Wednesday, April 16th. 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. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Barclays boosted their target price 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. Finally, Piper Sandler boosted their target price 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.38.

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.

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