RV Capital AG Increases Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• RV Capital AG increased its stake in Interactive Brokers Group by 300.0%, now owning approximately 849,920 shares, making it the fifth largest position in its investment portfolio.
• Insider transactions revealed CFO Paul Jonathan Brody sold over 107,000 shares, while Vice Chairman Earl H. Nemser sold 194,000 shares, representing significant decreases in their stock ownership.
• Interactive Brokers recently announced a $0.08 quarterly dividend, translating to an annualized yield of 0.5% and indicating a payout ratio of 16.49%.

RV Capital AG boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 300.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 849,920 shares of the financial services provider's stock after purchasing an additional 637,440 shares during the period. Interactive Brokers Group accounts for about 8.7% of RV Capital AG's portfolio, making the stock its 5th biggest holding. RV Capital AG owned about 0.05% of Interactive Brokers Group worth $47,094,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IBKR. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group in the 1st quarter valued at approximately $26,000. City Holding Co. acquired a new position in Interactive Brokers Group in the 1st quarter valued at approximately $33,000. Nvwm LLC acquired a new position in shares of Interactive Brokers Group during the first quarter worth $33,000. ASR Vermogensbeheer N.V. bought a new stake in shares of Interactive Brokers Group in the first quarter worth $33,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Interactive Brokers Group in the first quarter worth $43,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Up 0.4%

NASDAQ:IBKR traded up $0.23 during trading hours on Tuesday, reaching $62.48. The company had a trading volume of 4,098,771 shares, compared to its average volume of 10,121,563. The firm has a market cap of $105.97 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 2.53 and a beta of 1.23. The business's 50-day simple moving average is $62.94 and its two-hundred day simple moving average is $52.68. Interactive Brokers Group, Inc. has a twelve month low of $32.13 and a twelve month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates 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 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. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were issued a $0.08 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the transaction, the insider directly owned 461,500 shares of the company's stock, valued at $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul Jonathan Brody sold 112,574 shares of Interactive Brokers Group stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $63.23, for a total transaction of $7,118,054.02. Following the completion of the sale, the chief financial officer directly owned 675,027 shares of the company's stock, valued at approximately $42,681,957.21. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 656,154 shares of company stock worth $42,299,977. Corporate insiders own 2.97% of the company's stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of analyst reports. Citigroup raised their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Barclays upped their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Piper Sandler lifted their target price 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. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and a consensus target price 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.