Interactive Brokers Group, Inc. $IBKR Holdings Raised by Raleigh Capital Management Inc.

Key Points

• Raleigh Capital Management Inc. increased its stake in Interactive Brokers Group by 300.2% in Q2, owning 12,198 shares worth $676,000 after buying an additional 9,150 shares.
• Several institutional investors, including Goldman Sachs and Thrive Wealth Management, also significantly raised their positions in the company, highlighting strong investor interest.
• Interactive Brokers recently reported quarterly earnings of $0.51 EPS, exceeding expectations, with a revenue increase of 14.7% year-over-year, further supported by favorable price target upgrades from various research firms.

Raleigh Capital Management Inc. boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 300.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,198 shares of the financial services provider's stock after buying an additional 9,150 shares during the quarter. Raleigh Capital Management Inc.'s holdings in Interactive Brokers Group were worth $676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position 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 worth $98,886,000 after buying an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC lifted its position in 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 buying an additional 6,163 shares in the last quarter. Inspire Investing LLC lifted its position 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 in the last quarter. Swedbank AB lifted its position 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, First Hawaiian Bank lifted its position in Interactive Brokers Group by 334.1% in the 1st quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider's stock worth $1,251,000 after buying an additional 5,816 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IBKR. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup raised their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Piper Sandler raised their price target 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. Finally, Barclays raised their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. 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, Interactive Brokers Group has a consensus rating of "Moderate Buy" and an average price target of $59.38.

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 shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer owned 158,954 shares of the company's stock, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,205,683 shares of company stock valued at $77,217,965 in the last quarter. Corporate insiders own 2.97% of the company's stock.

Interactive Brokers Group Price Performance

IBKR opened at $68.80 on Tuesday. The company has a market cap of $116.69 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 2.69 and a beta of 1.23. The firm has a 50 day simple moving average of $63.87 and a 200 day simple moving average of $53.98. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $68.83.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The firm had revenue of $1.48 billion during 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 for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.76 earnings per share. As a group, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were issued a $0.08 dividend. 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 16.49%.

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.

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