Interactive Brokers Group, Inc. $IBKR Stock Holdings Lifted by US Bancorp DE

Key Points

• US Bancorp DE increased its holdings in Interactive Brokers Group by 280.7% during the second quarter, now owning 62,507 shares valued at approximately $3.46 million.
• Interactive Brokers reported an earnings per share (EPS) of $0.51 for the last quarter, exceeding analysts' expectations and showing a 14.7% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.08 per share, resulting in an annualized payout of $0.32 and a yield of 0.5%.

US Bancorp DE lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 280.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 62,507 shares of the financial services provider's stock after buying an additional 46,089 shares during the quarter. US Bancorp DE's holdings in Interactive Brokers Group were worth $3,464,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group in the 1st quarter valued at about $26,000. Nvwm LLC bought a new stake in Interactive Brokers Group in the 1st quarter valued at about $33,000. ASR Vermogensbeheer N.V. bought a new stake in Interactive Brokers Group in the 1st quarter valued at about $33,000. North Capital Inc. bought a new stake in Interactive Brokers Group in the 1st quarter valued at about $49,000. Finally, Quarry LP lifted its position in Interactive Brokers Group by 486.3% in the 1st quarter. Quarry LP now owns 299 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 248 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $69.36 on Wednesday. The company's 50 day moving average price is $65.09 and its 200 day moving average price is $55.94. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The company has a market capitalization of $117.64 billion, a PE ratio of 35.66, a PEG ratio of 2.90 and a beta of 1.22.

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 EPS for the quarter, beating 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 firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The firm's revenue was up 14.7% on a year-over-year basis. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were given 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 yield of 0.5%. Interactive Brokers Group's payout ratio is presently 16.49%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Interactive Brokers Group in a research report on Tuesday. Zacks Research cut shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Barclays reissued an "overweight" rating and issued a $81.00 target price (up from $73.00) on shares of Interactive Brokers Group in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $67.34.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares of the company's stock, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction that occurred 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. The trade was a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,205,683 shares of company stock worth $77,217,965 over the last ninety days. 2.97% of the stock is currently owned by insiders.

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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