GAMMA Investing LLC Acquires 7,623 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• GAMMA Investing LLC significantly increased its holdings in Interactive Brokers Group by 297.8% in Q2, now owning 10,183 shares valued at approximately $564,000 after purchasing an additional 7,623 shares.
• Several institutional investors, including American Century Companies Inc., also made substantial purchases in Interactive Brokers Group, enhancing the overall institutional ownership to 23.80%.
• The company recently announced a quarterly dividend of $0.08 per share, which aligns with a 0.5% dividend yield for stockholders as of the record date of September 1st.

GAMMA Investing LLC boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 297.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,183 shares of the financial services provider's stock after purchasing an additional 7,623 shares during the period. GAMMA Investing LLC's holdings in Interactive Brokers Group were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in shares of Interactive Brokers Group by 1,476.3% during the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after buying an additional 1,343,007 shares during the last quarter. RV Capital AG raised its holdings in Interactive Brokers Group by 300.0% during the second quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock worth $47,094,000 after acquiring an additional 637,440 shares in the last quarter. KBC Group NV boosted its position in Interactive Brokers Group by 255.1% during the first quarter. KBC Group NV now owns 522,221 shares of the financial services provider's stock valued at $86,474,000 after purchasing an additional 375,173 shares during the last quarter. Invesco Ltd. grew its stake in Interactive Brokers Group by 45.6% in the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock valued at $184,668,000 after purchasing an additional 349,255 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth approximately $48,481,000. 23.80% of the stock is owned by institutional investors.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 directly owned 461,500 shares of the company's stock, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the sale, the chief financial officer owned 158,954 shares of the company's stock, valued at $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,174,329 shares of company stock worth $75,169,366 in the last ninety days. 2.97% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on IBKR. Citigroup increased their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Barclays boosted 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 note on Friday, July 18th. Finally, Piper Sandler raised 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 note on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $64.97 on Friday. The company has a market cap of $110.20 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.62 and a beta of 1.23. The firm's fifty day moving average price is $63.69 and its two-hundred day moving average price is $53.46. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced 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. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm posted $1.76 EPS. Interactive Brokers Group's revenue was up 14.7% compared to the same quarter last year. As a group, equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group's payout ratio is currently 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.

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