National Pension Service Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Key Points

• The National Pension Service invested approximately $28.69 million in Interactive Brokers Group, acquiring 173,249 shares during the first quarter.
• Insider transactions included Vice Chairman Earl H. Nemser selling 194,086 shares for over $13 million, reducing his position by 29.6%.
• Interactive Brokers reported $1.48 billion in revenue for the last quarter, exceeding analysts' estimates, with a 14.7% year-over-year increase in quarterly revenue.

National Pension Service bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 173,249 shares of the financial services provider's stock, valued at approximately $28,688,000.

A number of other institutional investors have also added to or reduced their stakes in IBKR. N.E.W. Advisory Services LLC bought a new position in shares of Interactive Brokers Group during the first quarter valued at $26,000. City Holding Co. bought a new position in shares of Interactive Brokers Group during the first quarter valued at $33,000. Nvwm LLC bought a new position in shares of Interactive Brokers Group during the first quarter valued at $33,000. ASR Vermogensbeheer N.V. bought a new position in shares of Interactive Brokers Group during the first quarter valued at $33,000. Finally, Bellwether Advisors LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at $35,000. Institutional investors own 23.80% of the company's stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction on 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 completion of the transaction, the insider owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 233,972 shares of company stock worth $15,746,449. Insiders own 2.97% of the company's stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded down $0.5440 during mid-day trading on Wednesday, reaching $61.8660. 3,369,205 shares of the company traded hands, compared to its average volume of 7,082,096. The company's 50 day moving average price is $59.41 and its 200-day moving average price is $51.73. The firm has a market cap of $104.93 billion, a PE ratio of 31.78, a PEG ratio of 2.59 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52 week low of $30.01 and a 52 week high of $68.07.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm's revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be given 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 dividend yield of 0.5%. Interactive Brokers Group's payout ratio is currently 16.49%.

Analyst Upgrades and Downgrades

Several research firms recently commented on IBKR. Piper Sandler increased their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group increased their price objective on 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 price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Barclays increased their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock 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.