Interactive Brokers Group, Inc. $IBKR Stock: International Assets Investment Management LLC Grows Position

Key Points

• International Assets Investment Management LLC increased its IBKR stake by 331.2% in the third quarter, bringing its holdings to 35,000 shares valued at approximately $2.99 million. Overall, hedge funds and institutional investors own 23.8% of the company.
• Analysts maintain a generally positive outlook, with Interactive Brokers receiving a consensus “Moderate Buy” rating and an average price target of $102.87, compared with the stock’s reported opening price of $74.83.
• Interactive Brokers matched quarterly earnings expectations at $0.67 per share and reported revenue of $1.87 billion, up 15.6% year over year. The company also raised its quarterly dividend to $0.15 per share from $0.0875.

International Assets Investment Management LLC lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 331.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the financial services provider's stock after acquiring an additional 26,884 shares during the quarter. International Assets Investment Management LLC's holdings in Interactive Brokers Group were worth $2,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nykredit A S bought a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at about $15,348,000. Engineers Gate Manager LP raised its holdings in Interactive Brokers Group by 831.3% during the 2nd quarter. Engineers Gate Manager LP now owns 108,359 shares of the financial services provider's stock worth $9,432,000 after buying an additional 96,724 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Interactive Brokers Group by 79.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 516,646 shares of the financial services provider's stock valued at $48,185,000 after acquiring an additional 228,716 shares in the last quarter. AXQ Capital LP boosted its position in shares of Interactive Brokers Group by 69.6% in the second quarter. AXQ Capital LP now owns 45,065 shares of the financial services provider's stock worth $3,922,000 after buying an additional 18,499 shares during the period. Finally, Cetera Investment Advisers boosted its position in Interactive Brokers Group by 30.1% during the 1st quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider's stock worth $14,038,000 after acquiring an additional 48,443 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on IBKR shares. Raymond James Financial started coverage on Interactive Brokers Group in a research report on Wednesday, August 26th. They issued a "market perform" rating on the stock. UBS Group set a $97.00 price objective on Interactive Brokers Group in a research note on Tuesday, October 20th. Weiss Ratings lowered Interactive Brokers Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. The Goldman Sachs Group reiterated a "buy" rating and issued a $111.00 target price on shares of Interactive Brokers Group in a research note on Thursday, October 1st. Finally, Seaport Research Partners upgraded shares of Interactive Brokers Group to a "buy" rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of "Moderate Buy" and an average target price of $102.87.

Interactive Brokers Group Trading Down 2.7%

Interactive Brokers Group stock opened at $74.83 on Tuesday. The business has a 50-day moving average of $88.02 and a 200-day moving average of $82.90. The firm has a market capitalization of $127.32 billion, a P/E ratio of 28.78, a PEG ratio of 1.37 and a beta of 1.37. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, hitting analysts' consensus estimates of $0.67. The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The business's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Research analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.0875. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 annualized dividend and a yield of 0.8%. Interactive Brokers Group's dividend payout ratio is 13.46%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence Harris sold 25,000 shares of Interactive Brokers Group stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total value of $2,065,250.00. Following the transaction, the director owned 148,482 shares of the company's stock, valued at approximately $12,266,098.02. The trade was a 14.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.80% of the company's stock.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.

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