IFM Investors Pty Ltd Has $4.95 Million Stake in Interactive Brokers Group, Inc. $IBKR

Key Points

• IFM Investors Pty Ltd increased its stake in Interactive Brokers Group by 299.1% in the second quarter, acquiring an additional 66,963 shares for a total of 89,352 shares worth approximately $4.95 million.
• Interactive Brokers Group reported a 14.7% year-over-year revenue increase for the quarter, posting $1.48 billion in revenue and earnings per share of $0.51, surpassing analyst expectations.
• The company declared a quarterly dividend of $0.08 per share, with an annualized yield of 0.5%, highlighting a dividend payout ratio of 16.49%.

IFM Investors Pty Ltd lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 299.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 89,352 shares of the financial services provider's stock after purchasing an additional 66,963 shares during the period. IFM Investors Pty Ltd's holdings in Interactive Brokers Group were worth $4,951,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group in the first quarter valued at about $26,000. City Holding Co. bought a new stake in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. Nvwm LLC acquired a new position in Interactive Brokers Group in the 1st quarter valued at $33,000. ASR Vermogensbeheer N.V. acquired a new position in Interactive Brokers Group during the first quarter valued at approximately $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Interactive Brokers Group in the first quarter valued at about $43,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Activity

In other 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 approximately $31,146,635. This trade represents a 29.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,075,018 shares of company stock worth $68,746,758. 2.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent research reports. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays upped their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Piper Sandler lifted their price target 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. Finally, Citigroup increased 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 report on Monday, July 7th. Seven equities 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Stock Performance

IBKR stock traded down $0.81 during midday trading on Monday, reaching $64.22. The stock had a trading volume of 4,775,825 shares, compared to its average volume of 10,508,868. The firm has a fifty day simple moving average of $63.37 and a two-hundred day simple moving average of $53.14. The stock has a market cap of $108.93 billion, a PE ratio of 33.02, a P/E/G ratio of 2.65 and a beta of 1.23. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating 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 firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm earned $1.76 EPS. The business's quarterly revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio is 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.