Gulf International Bank UK Ltd Purchases New Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Gulf International Bank UK Ltd has purchased 4,843 shares of Interactive Brokers Group, Inc. for approximately $801,000 during the first quarter, indicating increased institutional interest in the company.
• Analysts have raised their target prices for Interactive Brokers, with Goldman Sachs increasing it from $53 to $60 and Barclays lifting it from $65 to $73, leading to a consensus rating of "Moderate Buy" for the stock.
• The company recently declared a quarterly dividend of $0.08, which reflects a 0.5% dividend yield, and reported stronger-than-expected quarterly earnings, with revenue up 14.7% year-over-year.

Gulf International Bank UK Ltd bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,843 shares of the financial services provider's stock, valued at approximately $801,000.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its stake in Interactive Brokers Group by 91.4% during the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock worth $413,226,000 after acquiring an additional 1,117,186 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Interactive Brokers Group by 22,211.1% in the first quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock valued at $701,950,000 after acquiring an additional 422,010 shares in the last quarter. Fullerton Fund Management Co Ltd. bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $69,057,000. Two Sigma Advisers LP boosted its holdings in shares of Interactive Brokers Group by 456.0% in the fourth quarter. Two Sigma Advisers LP now owns 465,900 shares of the financial services provider's stock valued at $82,311,000 after acquiring an additional 382,100 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Interactive Brokers Group by 343.9% in the fourth quarter. Two Sigma Investments LP now owns 489,175 shares of the financial services provider's stock valued at $86,423,000 after acquiring an additional 378,981 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 0.8%

IBKR traded up $0.5240 during trading on Friday, hitting $62.9940. The stock had a trading volume of 1,674,476 shares, compared to its average volume of 7,033,451. The firm has a market cap of $106.85 billion, a PE ratio of 32.36, a P/E/G ratio of 2.54 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12 month low of $30.01 and a 12 month high of $68.07. The company has a 50 day simple moving average of $59.86 and a 200-day simple moving average of $51.85.

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. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 16.49%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the sale, the insider directly owned 461,500 shares in the company, valued at $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 available at the SEC website. In the last quarter, insiders have sold 233,972 shares of company stock valued at $15,746,449. Company insiders own 2.97% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IBKR. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Barclays increased their target price 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. 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 research report on Monday, July 7th. Finally, The Goldman Sachs Group raised their price target 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. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus 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.