IFM Investors Pty Ltd Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Key Points

• IFM Investors Pty Ltd has made a new investment of approximately $3.71 million in Interactive Brokers Group by acquiring 22,389 shares during the first quarter.
• Interactive Brokers reported earnings of $0.51 per share for the quarter, exceeding analysts' expectations and demonstrating a 14.7% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.08, translating to an annualized yield of 0.5%, with dividends set to be paid on September 12th.

IFM Investors Pty Ltd acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,389 shares of the financial services provider's stock, valued at approximately $3,707,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in Interactive Brokers Group by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider's stock valued at $98,886,000 after purchasing an additional 199,467 shares during the period. Private Advisor Group LLC increased its position in shares of Interactive Brokers Group by 176.2% during the first quarter. Private Advisor Group LLC now owns 4,762 shares of the financial services provider's stock valued at $789,000 after buying an additional 3,038 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in Interactive Brokers Group by 271.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 15,989 shares of the financial services provider's stock worth $2,648,000 after acquiring an additional 11,688 shares in the last quarter. Nissay Asset Management Corp Japan ADV bought a new stake in Interactive Brokers Group during the first quarter worth about $2,162,000. Finally, Kennondale Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 172.7% in the first quarter. Kennondale Capital Management LLC now owns 19,419 shares of the financial services provider's stock worth $3,216,000 after buying an additional 12,299 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IBKR shares. 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 target 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. Citigroup lifted their price target 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. Finally, Piper Sandler upped their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Interactive Brokers Group Trading Down 2.3%

IBKR traded down $1.45 on Monday, hitting $62.25. The company had a trading volume of 4,069,208 shares, compared to its average volume of 7,510,150. The firm has a market cap of $105.58 billion, a P/E ratio of 32.01, a PEG ratio of 2.59 and a beta of 1.23. The company's fifty day moving average price is $62.73 and its 200 day moving average price is $52.54. Interactive Brokers Group, Inc. has a 1 year low of $32.00 and a 1 year high of $68.07.

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 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion during 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 company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.76 earnings per share. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were 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 was Friday, August 29th. Interactive Brokers Group's payout ratio is 16.49%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the 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 directly owned 461,500 shares in the company, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul Jonathan Brody sold 112,574 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $63.23, for a total value of $7,118,054.02. Following the completion of the transaction, the chief financial officer owned 675,027 shares in the company, valued at $42,681,957.21. This represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 656,154 shares of company stock valued at $42,299,977. Company insiders own 2.97% of the company's stock.

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.