Interactive Brokers Group, Inc. $IBKR Shares Acquired by Inspire Investing LLC

Key Points

• Inspire Investing LLC increased its stake in Interactive Brokers Group by 19.5% during the first quarter, now holding 47,341 shares worth approximately $7.84 million.
• Interactive Brokers reported a quarterly earnings of $0.51 per share, surpassing the consensus estimate of $0.46, with revenues increasing by 14.7% year-over-year.
• The company declared a quarterly dividend of $0.08 per share, with a payout ratio of 16.49%, scheduled for payment on September 12th.

Inspire Investing LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 19.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,341 shares of the financial services provider's stock after buying an additional 7,734 shares during the period. Interactive Brokers Group accounts for 0.9% of Inspire Investing LLC's holdings, making the stock its 11th biggest position. Inspire Investing LLC's holdings in Interactive Brokers Group were worth $7,839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its stake in shares of Interactive Brokers Group by 3.0% during the 4th quarter. Captrust Financial Advisors now owns 6,327 shares of the financial services provider's stock worth $1,118,000 after acquiring an additional 186 shares in the last quarter. Deutsche Bank AG increased its position in shares of Interactive Brokers Group by 39.7% in the fourth quarter. Deutsche Bank AG now owns 133,983 shares of the financial services provider's stock valued at $23,671,000 after buying an additional 38,095 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at approximately $385,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Interactive Brokers Group by 50.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,046 shares of the financial services provider's stock valued at $186,000 after buying an additional 350 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $2,815,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 2.3%

IBKR stock traded down $1.45 during midday trading on Monday, hitting $62.25. 4,069,208 shares of the company's stock were exchanged, compared to its average volume of 7,510,150. Interactive Brokers Group, Inc. has a 1-year low of $32.00 and a 1-year high of $68.07. The business has a 50-day simple moving average of $62.73 and a two-hundred day simple moving average of $52.54. The stock has a market capitalization of $105.58 billion, a PE ratio of 32.01, a P/E/G ratio of 2.59 and a beta of 1.23.

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, beating the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the company posted $1.76 EPS. Interactive Brokers Group's revenue was up 14.7% compared to the same quarter last year. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were paid 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 (DPR) is 16.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays upped their price objective 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. 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. 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. Finally, Citigroup raised their target price 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. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average price target of $59.38.

Insider Activity

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 97,209 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $64.06, for a total value of $6,227,208.54. Following the sale, the chief financial officer owned 577,818 shares of the company's stock, valued at approximately $37,015,021.08. The trade was a 14.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group 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 sale, the insider 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 656,154 shares of company stock worth $42,299,977. 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.