Impact Capital Partners LLC Boosts Stake in Interactive Brokers Group, Inc. $IBKR

Key Points

• Impact Capital Partners LLC increased its stake in Interactive Brokers Group, Inc. by 219.9% in Q2, totaling 16,827 shares valued at approximately $932,000.
• Goldman Sachs and Thrive Wealth Management have also heightened their investments, with Goldman Sachs raising its stake by 50.2% and Thrive Wealth Management by 243.8% during the same period.
• Interactive Brokers reported $0.51 earnings per share for the latest quarter, surpassing analyst expectations, and recently announced a quarterly dividend of $0.08 per share.

Impact Capital Partners LLC lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 219.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,827 shares of the financial services provider's stock after purchasing an additional 11,567 shares during the period. Impact Capital Partners LLC's holdings in Interactive Brokers Group were worth $932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of 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 worth $98,886,000 after purchasing an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC increased its stake in shares of Interactive Brokers Group by 243.8% in the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider's stock worth $482,000 after purchasing an additional 6,163 shares in the last quarter. Inspire Investing LLC boosted its holdings in Interactive Brokers Group by 19.5% in the 1st quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock worth $7,839,000 after buying an additional 7,734 shares during the period. Swedbank AB increased its stake in Interactive Brokers Group by 300.0% in the 2nd quarter. Swedbank AB now owns 34,080 shares of the financial services provider's stock worth $1,888,000 after buying an additional 25,560 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Interactive Brokers Group by 1,093.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider's stock worth $409,000 after buying an additional 6,760 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 0.0%

IBKR opened at $68.81 on Wednesday. The firm has a 50-day simple moving average of $64.00 and a two-hundred day simple moving average of $54.08. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $70.27. The company has a market capitalization of $116.71 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 2.80 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations 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 revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 EPS. As a group, sell-side analysts expect 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 dividend payout ratio is currently 16.49%.

Insider Activity

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the company's stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 1,205,683 shares of company stock worth $77,217,965. 2.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBKR. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Citigroup increased their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Barclays increased their price target on 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 increased their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report 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's stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target 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.

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