Interactive Brokers Group, Inc. $IBKR Shares Bought by Matisse Capital

Key Points

• Matisse Capital increased its stake in Interactive Brokers Group by 500%, acquiring an additional 10,000 shares, bringing its total holdings to 12,000 shares valued at $665,000.
• Insider activity saw CFO Paul Jonathan Brody sell 17,058 shares at an average price of $65.78, reducing his position by 37.62%.
• Analysts have a consensus target price of $64.47 for Interactive Brokers, with a mix of ratings including one strong buy and six buy ratings.

Matisse Capital grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 500.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,000 shares of the financial services provider's stock after acquiring an additional 10,000 shares during the period. Matisse Capital's holdings in Interactive Brokers Group were worth $665,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IBKR. UMB Bank n.a. grew its holdings in Interactive Brokers Group by 136.3% during the 1st quarter. UMB Bank n.a. now owns 1,153 shares of the financial services provider's stock worth $191,000 after acquiring an additional 665 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in Interactive Brokers Group by 6.4% during the 1st quarter. First Citizens Bank & Trust Co. now owns 2,544 shares of the financial services provider's stock worth $421,000 after acquiring an additional 154 shares in the last quarter. City Holding Co. acquired a new position in Interactive Brokers Group during the 1st quarter worth $33,000. GAMMA Investing LLC grew its holdings in Interactive Brokers Group by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 2,560 shares of the financial services provider's stock worth $424,000 after acquiring an additional 660 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Interactive Brokers Group in the 1st quarter worth about $127,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the business'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. The trade was a 37.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays raised their price target 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. Weiss Ratings restated a "hold (c+)" rating on shares of Interactive Brokers Group in a research report on Saturday, September 27th. Piper Sandler raised their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. BMO Capital Markets assumed coverage on shares of Interactive Brokers Group in a research report on Friday, October 3rd. They issued an "outperform" rating and a $82.00 price target on the stock. Finally, Citigroup raised their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.47.

Interactive Brokers Group Stock Down 0.4%

Shares of NASDAQ:IBKR opened at $69.35 on Wednesday. The company has a market cap of $117.63 billion, a PE ratio of 35.66, a P/E/G ratio of 2.86 and a beta of 1.22. The company's 50-day moving average price is $64.50 and its 200 day moving average price is $54.99. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $71.78.

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 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 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%. Interactive Brokers Group'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 EPS. As a group, equities analysts anticipate 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. Shareholders of record on Monday, September 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group's payout ratio is 16.49%.

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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