Interactive Brokers Group, Inc. $IBKR Shares Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Interactive Brokers Group by 13.5%, acquiring an additional 145,870 shares, bringing its total ownership to 1,230,207 shares.
• Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers at an average price of $67.49, reducing his ownership by 29.60% and resulting in a total value of over $13 million from the sale.
• Interactive Brokers recently announced a quarterly dividend of $0.08 per share, with a dividend yield of 0.5% and a payout ratio of 16.49%.

Jacobs Levy Equity Management Inc. boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 13.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,230,207 shares of the financial services provider's stock after buying an additional 145,870 shares during the quarter. Interactive Brokers Group makes up about 0.8% of Jacobs Levy Equity Management Inc.'s holdings, making the stock its 19th biggest position. Jacobs Levy Equity Management Inc. owned about 0.29% of Interactive Brokers Group worth $203,710,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of IBKR. American Century Companies Inc. raised its holdings in Interactive Brokers Group by 1,476.3% in the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock valued at $237,453,000 after acquiring an additional 1,343,007 shares during the last quarter. GAMMA Investing LLC raised its holdings in Interactive Brokers Group by 22,211.1% in the 1st quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock valued at $701,950,000 after acquiring an additional 422,010 shares during the last quarter. Fullerton Fund Management Co Ltd. acquired a new position in Interactive Brokers Group in the 4th quarter valued at $69,057,000. Two Sigma Advisers LP raised its holdings in Interactive Brokers Group by 456.0% in the 4th quarter. Two Sigma Advisers LP now owns 465,900 shares of the financial services provider's stock valued at $82,311,000 after acquiring an additional 382,100 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Interactive Brokers Group by 343.9% in the 4th quarter. Two Sigma Investments LP now owns 489,175 shares of the financial services provider's stock valued at $86,423,000 after acquiring an additional 378,981 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 1.8%

NASDAQ IBKR traded up $1.10 during trading hours on Tuesday, reaching $62.21. The company's stock had a trading volume of 4,592,546 shares, compared to its average volume of 7,596,564. The business has a 50-day simple moving average of $62.30 and a 200 day simple moving average of $52.22. Interactive Brokers Group, Inc. has a 52 week low of $30.01 and a 52 week high of $68.07. The stock has a market cap of $105.52 billion, a PE ratio of 31.98, a PEG ratio of 2.45 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.37 billion. During the same quarter last year, the company posted $1.76 earnings per share. Interactive Brokers Group's revenue was up 14.7% on a year-over-year basis. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 16.49%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IBKR. Citigroup boosted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays upped their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Piper Sandler upped their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.38.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm'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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 233,972 shares of company stock worth $15,746,449 in the last quarter. 2.97% of the stock is owned by company insiders.

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.