Interactive Brokers Group, Inc. $IBKR Holdings Increased by FORA Capital LLC

Key Points

• FORA Capital LLC increased its stake in Interactive Brokers Group by 242.7% in Q1, now owning 51,188 shares valued at approximately $8.48 million, making it the 15th largest position in their portfolio.
• Interactive Brokers reported better-than-expected earnings of $0.51 per share for the last quarter, exceeding analyst expectations of $0.46, with revenue rising 14.7% year-over-year to $1.48 billion.
• The company declared a quarterly dividend of $0.08 per share, reflecting a 0.5% dividend yield, set to be paid on September 12th, with an ex-dividend date of August 29th.

FORA Capital LLC grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 242.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,188 shares of the financial services provider's stock after buying an additional 36,253 shares during the quarter. Interactive Brokers Group comprises 0.9% of FORA Capital LLC's holdings, making the stock its 15th biggest position. FORA Capital LLC's holdings in Interactive Brokers Group were worth $8,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Interactive Brokers Group by 797.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 34,029 shares of the financial services provider's stock worth $5,635,000 after purchasing an additional 30,238 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $1,012,000. Jump Financial LLC grew its stake in shares of Interactive Brokers Group by 259.2% in the 1st quarter. Jump Financial LLC now owns 207,047 shares of the financial services provider's stock worth $34,285,000 after purchasing an additional 149,404 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $3,448,000. Finally, Kestra Advisory Services LLC grew its stake in shares of Interactive Brokers Group by 31.0% in the 1st quarter. Kestra Advisory Services LLC now owns 7,064 shares of the financial services provider's stock worth $1,170,000 after purchasing an additional 1,670 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $62.76 on Tuesday. The firm's 50 day simple moving average is $60.30 and its 200-day simple moving average is $51.85. The company has a market cap of $106.45 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. Interactive Brokers Group, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. The business 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 firm's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be issued 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 is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 16.49%.

Analysts Set New Price Targets

IBKR has been the topic of several recent research reports. Citigroup lifted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Piper Sandler lifted 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. Finally, Barclays lifted 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. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 233,972 shares of company stock worth $15,746,449 in the last ninety days. Company 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.

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