Interactive Brokers Group, Inc. $IBKR Stock Holdings Lifted by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in Interactive Brokers Group by 283.0% in the 2nd quarter, owning 516,526 shares valued at $28.6 million.
• In recent insider activity, CFO Paul Jonathan Brody sold 116,861 shares, while Vice Chairman Earl H. Nemser sold 194,086 shares, indicating a decrease in their shareholding.
• The stock recently opened at $70.36 and reported a quarterly revenue of $1.48 billion, exceeding analysts' expectations.

Robeco Institutional Asset Management B.V. boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 283.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 516,526 shares of the financial services provider's stock after purchasing an additional 381,656 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Interactive Brokers Group were worth $28,621,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in Interactive Brokers Group by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider's stock valued at $98,886,000 after purchasing an additional 199,467 shares during the last quarter. Thrive Wealth Management LLC lifted its position in Interactive Brokers Group by 243.8% in the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider's stock valued at $482,000 after purchasing an additional 6,163 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Interactive Brokers Group by 1,093.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 6,760 shares during the last quarter. Inspire Investing LLC lifted its position in Interactive Brokers Group by 19.5% in the 1st quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock valued at $7,839,000 after purchasing an additional 7,734 shares during the last quarter. Finally, Swedbank AB lifted its position in Interactive Brokers Group by 300.0% in the 2nd quarter. Swedbank AB now owns 34,080 shares of the financial services provider's stock valued at $1,888,000 after purchasing an additional 25,560 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insider Activity at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,205,683 shares of company stock worth $77,217,965 in the last ninety days. Corporate insiders own 2.97% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $70.36 on Friday. The firm's 50 day moving average is $64.33 and its 200-day moving average is $54.56. The stock has a market capitalization of $119.34 billion, a P/E ratio of 36.17, a P/E/G ratio of 2.91 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $71.78.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) 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 analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Wall Street Analyst Weigh In

IBKR has been the topic of several recent research reports. BMO Capital Markets began coverage on shares of Interactive Brokers Group in a research report on Friday. They issued an "outperform" rating and a $82.00 price objective on the stock. Barclays boosted 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. Citigroup boosted 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. Finally, Piper Sandler boosted 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. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.47.

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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