Interactive Brokers Group, Inc. $IBKR Stake Boosted by Ethic Inc.

Key Points

• Ethic Inc. significantly increased its stake in Interactive Brokers Group by 322.6% in Q2, bringing its total holdings to $2.2 million.
• Several other institutional investors also boosted their positions, with notable increases including 9,156.8% by Asset Management One Co. Ltd. in Q1.
• The company recently reported a net income of $0.57 per share, outperforming analysts' expectations and achieving a 21.2% increase in quarterly revenue compared to the previous year.

Ethic Inc. grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 322.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,912 shares of the financial services provider's stock after purchasing an additional 31,230 shares during the quarter. Ethic Inc.'s holdings in Interactive Brokers Group were worth $2,208,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in IBKR. GAMMA Investing LLC grew its holdings in shares of Interactive Brokers Group by 34.7% during the first quarter. GAMMA Investing LLC now owns 2,560 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 660 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Interactive Brokers Group by 257.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 5,405 shares of the financial services provider's stock worth $895,000 after buying an additional 3,895 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Interactive Brokers Group by 9,156.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 42,211 shares of the financial services provider's stock worth $6,990,000 after buying an additional 41,755 shares in the last quarter. Spire Wealth Management grew its holdings in Interactive Brokers Group by 74.1% in the 1st quarter. Spire Wealth Management now owns 4,761 shares of the financial services provider's stock worth $788,000 after buying an additional 2,026 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Interactive Brokers Group by 49.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 134,870 shares of the financial services provider's stock worth $22,333,000 after buying an additional 44,580 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Insider Activity at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 1,205,683 shares of company stock worth $77,217,965. 2.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IBKR shares. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Zacks Research lowered Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. The Goldman Sachs Group reissued a "buy" rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, Barclays set a $80.00 price objective on Interactive Brokers Group and gave the stock an "overweight" rating in a report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.34.

Interactive Brokers Group Price Performance

IBKR opened at $68.75 on Friday. The company has a market capitalization of $116.61 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.09 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The business has a 50 day moving average price of $65.49 and a two-hundred day moving average price of $57.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.08. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 earnings per share. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be 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 is Monday, December 1st. Interactive Brokers Group's dividend payout ratio is 15.38%.

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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