Stony Point Capital LLC Grows Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Stony Point Capital LLC increased its position in Interactive Brokers Group by 167.0% during the first quarter, owning 177,900 shares valued at approximately $29.5 million at the end of the quarter.
• Vice Chairman Earl H. Nemser sold 194,086 shares recently at an average price of $67.49, reducing his holding by 29.60% to 461,500 shares.
• Interactive Brokers Group reported a quarterly earnings of $0.51 EPS, exceeding the consensus estimate of $0.46, with a revenue of $1.48 billion for the quarter.

Stony Point Capital LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 167.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 177,900 shares of the financial services provider's stock after purchasing an additional 111,274 shares during the period. Interactive Brokers Group makes up 3.0% of Stony Point Capital LLC's portfolio, making the stock its 12th largest holding. Stony Point Capital LLC's holdings in Interactive Brokers Group were worth $29,458,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in shares of Interactive Brokers Group by 176.2% during the 1st quarter. Private Advisor Group LLC now owns 4,762 shares of the financial services provider's stock worth $789,000 after purchasing an additional 3,038 shares during the period. Kennondale Capital Management LLC lifted its holdings in Interactive Brokers Group by 172.7% during the 1st quarter. Kennondale Capital Management LLC now owns 19,419 shares of the financial services provider's stock valued at $3,216,000 after buying an additional 12,299 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in Interactive Brokers Group by 33.5% during the 1st quarter. Bayforest Capital Ltd now owns 3,873 shares of the financial services provider's stock valued at $641,000 after buying an additional 971 shares in the last quarter. National Pension Service bought a new stake in Interactive Brokers Group during the 1st quarter valued at about $28,688,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Interactive Brokers Group by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 844,793 shares of the financial services provider's stock valued at $139,889,000 after buying an additional 26,595 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays lifted their price objective 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. Citigroup lifted their price objective 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. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Piper Sandler boosted 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. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Price Performance

NASDAQ:IBKR traded up $1.66 during trading hours on Tuesday, hitting $63.90. 7,333,894 shares of the company were exchanged, compared to its average volume of 7,625,560. The stock has a market capitalization of $108.38 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.54 and a beta of 1.23. Interactive Brokers Group, Inc. has a 52-week low of $30.01 and a 52-week high of $68.07. The company's 50 day moving average price is $61.37 and its 200-day moving average price is $52.03.

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, topping the consensus estimate of $0.46 by $0.05. The company 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 revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 EPS. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's dividend payout ratio is 16.49%.

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 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 sale, the insider directly owned 461,500 shares of the company's stock, valued at $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 233,972 shares of company stock valued at $15,746,449. 2.97% of the stock is owned by corporate insiders.

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.