Headlands Technologies LLC Makes New $1.55 Million Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• Headlands Technologies LLC acquired 9,363 shares of Interactive Brokers Group, Inc. during the first quarter, representing an investment of about $1,550,000.
• Analysts' ratings for Interactive Brokers have seen various updates, with Piper Sandler raising its price target from $45.50 to $65.00, while Bank of America decreased its target from $66.25 to $60.75.
• The company announced a quarterly dividend of $0.08 per share, resulting in an annualized dividend yield of 0.5%, to be paid on September 12th.

Headlands Technologies LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,363 shares of the financial services provider's stock, valued at approximately $1,550,000.

Several other large investors have also modified their holdings of IBKR. Bank of America Corp DE boosted its position in shares of Interactive Brokers Group by 91.4% in 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 buying an additional 1,117,186 shares during the period. GAMMA Investing LLC boosted its position 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 worth $701,950,000 after buying an additional 422,010 shares during the period. Fullerton Fund Management Co Ltd. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth $69,057,000. Two Sigma Advisers LP boosted its position 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 worth $82,311,000 after buying an additional 382,100 shares during the period. Finally, Two Sigma Investments LP boosted its position 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 worth $86,423,000 after buying an additional 378,981 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 2.5%

Shares of NASDAQ:IBKR traded up $1.67 on Tuesday, reaching $67.85. The company had a trading volume of 2,043,585 shares, compared to its average volume of 7,172,918. Interactive Brokers Group, Inc. has a twelve month low of $29.32 and a twelve month high of $67.90. The stock has a 50-day moving average price of $57.93 and a 200 day moving average price of $51.26. The stock has a market capitalization of $114.71 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.69 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The business's quarterly revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts predict 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. Investors of record on Monday, September 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's payout ratio is currently 16.49%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IBKR. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup lifted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Bank of America reduced their price target on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a report on Wednesday, April 16th. Barclays lifted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 39,786 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $66.38, for a total transaction of $2,640,994.68. Following the completion of the transaction, the insider owned 360,114 shares of the company's stock, valued at approximately $23,904,367.32. The trade was a 9.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.97% of the company's stock.

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.