Interactive Brokers Group, Inc. $IBKR Shares Purchased by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group Ltd. increased its stake in Interactive Brokers by 266.7%, acquiring 50,303 additional shares, bringing its total to 69,162 shares worth approximately $3.83 million.
• The company reported $0.57 earnings per share for the last quarter, surpassing expectations, with revenues reaching $1.66 billion, a 21.2% year-over-year increase.
• Interactive Brokers announced a quarterly dividend of $0.08 per share, with a payable date set for December 12th, reflecting an annualized yield of 0.5%.

Stanley Laman Group Ltd. boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 266.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,162 shares of the financial services provider's stock after purchasing an additional 50,303 shares during the period. Stanley Laman Group Ltd.'s holdings in Interactive Brokers Group were worth $3,832,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA increased its holdings in shares of Interactive Brokers Group by 37.4% during the 2nd quarter. Private Trust Co. NA now owns 1,984 shares of the financial services provider's stock worth $110,000 after buying an additional 540 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Interactive Brokers Group by 238.1% in the second quarter. Nordea Investment Management AB now owns 66,468 shares of the financial services provider's stock valued at $3,636,000 after acquiring an additional 46,811 shares during the last quarter. Praxis Investment Management Inc. grew its position in Interactive Brokers Group by 300.0% during the second quarter. Praxis Investment Management Inc. now owns 25,520 shares of the financial services provider's stock valued at $1,414,000 after acquiring an additional 19,140 shares during the period. Commons Capital LLC acquired a new stake in Interactive Brokers Group during the second quarter worth about $296,000. Finally, Activest Wealth Management raised its holdings in shares of Interactive Brokers Group by 320.3% in the 2nd quarter. Activest Wealth Management now owns 1,656 shares of the financial services provider's stock worth $92,000 after purchasing an additional 1,262 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Down 3.3%

IBKR opened at $66.23 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The firm has a market cap of $112.34 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.80 and a beta of 1.22. The company has a fifty day simple moving average of $65.30 and a 200 day simple moving average of $56.38.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.08. The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.17%. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 EPS. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group's dividend payout ratio is presently 15.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IBKR. Citigroup boosted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. The Goldman Sachs Group reiterated a "buy" rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday. Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the company an "overweight" rating in a research note on Friday. BMO Capital Markets upped their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Zacks Research lowered Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.34.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction on Tuesday, August 12th. The shares were 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 in the company, valued at $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer directly owned 158,954 shares of the company's stock, valued at $10,289,092.42. The trade was a 42.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,205,683 shares of company stock valued at $77,217,965. Company insiders own 2.97% of the company's stock.

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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