Interactive Brokers Group, Inc. $IBKR Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Interactive Brokers Group by 45.6%, acquiring an additional 349,255 shares during the first quarter, bringing its total ownership to over 1.1 million shares valued at approximately $184.7 million.
• Several institutional investors, including Fiduciary Family Office LLC and Connor Clark & Lunn Investment Management Ltd., have also increased their positions in Interactive Brokers Group during the same period, indicating strong interest from large stakeholders.
• Interactive Brokers reported earnings of $0.51 per share and forecasted an EPS of 7.46 for the current year, while also declaring a quarterly dividend of $0.08 per share, reflecting a modest yield of 0.5%.

Invesco Ltd. grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 45.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,115,214 shares of the financial services provider's stock after buying an additional 349,255 shares during the quarter. Invesco Ltd. owned 0.26% of Interactive Brokers Group worth $184,668,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Fiduciary Family Office LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter worth approximately $2,407,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Interactive Brokers Group by 308.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,514 shares of the financial services provider's stock valued at $27,242,000 after buying an additional 124,241 shares during the last quarter. Measured Wealth Private Client Group LLC raised its position in shares of Interactive Brokers Group by 4.4% in the first quarter. Measured Wealth Private Client Group LLC now owns 3,012 shares of the financial services provider's stock valued at $499,000 after buying an additional 127 shares during the last quarter. Townsquare Capital LLC raised its position in shares of Interactive Brokers Group by 31.1% in the first quarter. Townsquare Capital LLC now owns 6,843 shares of the financial services provider's stock valued at $1,133,000 after buying an additional 1,625 shares during the last quarter. Finally, Forsta AP Fonden acquired a new stake in shares of Interactive Brokers Group in the first quarter valued at about $8,048,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction dated 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 transaction, the insider owned 461,500 shares of the company's stock, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 233,972 shares of company stock worth $15,746,449. 2.97% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Up 0.1%

IBKR stock traded up $0.08 during mid-day trading on Monday, hitting $63.39. 1,527,677 shares of the company were exchanged, compared to its average volume of 7,112,667. The firm has a market capitalization of $107.15 billion, a P/E ratio of 32.67, a PEG ratio of 2.58 and a beta of 1.22. The business has a fifty day simple moving average of $58.94 and a 200-day simple moving average of $51.59. Interactive Brokers Group, Inc. has a 12-month low of $30.01 and a 12-month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. Interactive Brokers Group's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 earnings per share. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

Analysts Set New Price Targets

A number of brokerages have recently commented on IBKR. The Goldman Sachs Group increased their target price 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. Piper Sandler upped their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Barclays upped their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Citigroup upped their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

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.