Interactive Brokers Group, Inc. $IBKR Shares Purchased by Mainstream Capital Management LLC

Key Points

• Mainstream Capital Management LLC significantly increased its stake in Interactive Brokers Group by 327.2% during the second quarter, owning 18,372 shares valued at approximately $1,018,000.
• Interactive Brokers Group reported earnings of $0.51 per share for the latest quarter, exceeding analysts' expectations, with revenue up 14.7% year-over-year at $1.48 billion.
• The company declared a quarterly dividend of $0.08 per share, with a current annualized yield of 0.5% and a payout ratio of 16.49%.

Mainstream Capital Management LLC boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 327.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,372 shares of the financial services provider's stock after buying an additional 14,071 shares during the quarter. Mainstream Capital Management LLC's holdings in Interactive Brokers Group were worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IBKR. Compound Planning Inc. raised its stake in shares of Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock valued at $958,000 after acquiring an additional 62 shares in the last quarter. CWM LLC increased its holdings in Interactive Brokers Group by 6.6% during the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock worth $176,000 after purchasing an additional 66 shares during the period. Crossmark Global Holdings Inc. raised its position in Interactive Brokers Group by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after purchasing an additional 70 shares in the last quarter. USS Investment Management Ltd increased its holdings in Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock valued at $3,339,000 after buying an additional 76 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Interactive Brokers Group by 4.1% during the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock worth $329,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Activity at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 15,202 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $63.96, for a total value of $972,319.92. Following the completion of the transaction, the chief financial officer owned 93,059 shares of the company's stock, valued at $5,952,053.64. The trade was a 14.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 1,140,913 shares of company stock worth $72,994,353 in the last ninety days. Insiders own 2.97% of the company's stock.

Interactive Brokers Group Trading Up 2.0%

Shares of NASDAQ IBKR opened at $65.49 on Wednesday. The stock has a market cap of $111.08 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.61 and a beta of 1.23. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $68.07. The company's 50-day moving average price is $63.48 and its 200 day moving average price is $53.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the business posted $1.76 earnings per share. The firm's quarterly 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 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler increased their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays boosted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, Citigroup increased 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. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

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