American Century Companies Inc. Boosts Stock Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• American Century Companies Inc. significantly increased its stake in Interactive Brokers Group by 1,476.3%, owning 1,433,981 shares, valued at approximately $237 million as of their latest SEC filing.
• Multiple analyst upgrades have boosted price targets for Interactive Brokers Group, with Citi and Barclays raising their targets to $60 and $73 respectively, indicating a strong consensus of “Moderate Buy” among analysts.
• In the most recent quarterly earnings report, Interactive Brokers Group exceeded estimates by posting $0.51 EPS and $1.48 billion in revenue, reflecting a strong year-over-year growth of 14.7%.

American Century Companies Inc. increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1,476.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,433,981 shares of the financial services provider's stock after acquiring an additional 1,343,007 shares during the period. American Century Companies Inc. owned about 0.34% of Interactive Brokers Group worth $237,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC boosted its holdings in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after purchasing an additional 66 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after purchasing an additional 70 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Interactive Brokers Group by 4.1% during the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 79 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in Interactive Brokers Group by 3.3% during the first quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider's stock worth $411,000 after acquiring an additional 79 shares in the last quarter. Finally, Securian Asset Management Inc. boosted its stake in Interactive Brokers Group by 1.2% during the first quarter. Securian Asset Management Inc. now owns 8,331 shares of the financial services provider's stock worth $1,380,000 after acquiring an additional 100 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on IBKR shares. Barclays boosted 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. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Citigroup increased their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Piper Sandler increased their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares in the company, valued at $31,146,635. This trade represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 233,972 shares of company stock valued at $15,746,449 in the last three months. Company insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Down 1.9%

Interactive Brokers Group stock traded down $1.23 during mid-day trading on Tuesday, hitting $62.41. The company had a trading volume of 3,851,907 shares, compared to its average volume of 7,106,392. The stock has a market cap of $105.86 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.58 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1 year low of $30.01 and a 1 year high of $68.07. The business has a fifty day moving average of $59.19 and a 200 day moving average of $51.66.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company earned $1.76 earnings per share. The company's revenue was up 14.7% compared to the same quarter last year. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is 16.49%.

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.