NBC Securities Inc. Grows Stake in Interactive Brokers Group, Inc. $IBKR

Key Points

• NBC Securities Inc. increased its stake in Interactive Brokers Group by 320.3%, owning 14,156 shares valued at $784,000 by the end of the last quarter.
• Several institutional investors have boosted their holdings in Interactive Brokers, with 23.80% of the stock now held by such investors and hedge funds.
• Analysts generally have a positive outlook on the stock, with seven analysts rating it as a Buy and the average price target set at $59.38.

NBC Securities Inc. grew its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 320.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,156 shares of the financial services provider's stock after acquiring an additional 10,788 shares during the quarter. NBC Securities Inc.'s holdings in Interactive Brokers Group were worth $784,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in IBKR. American Century Companies Inc. increased its stake in shares of Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after buying an additional 1,343,007 shares during the period. GAMMA Investing LLC increased its stake in shares of Interactive Brokers Group by 22,211.1% in the first quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock worth $701,950,000 after buying an additional 422,010 shares during the period. Two Sigma Investments LP increased its stake in shares of Interactive Brokers Group by 343.9% in the fourth quarter. Two Sigma Investments LP now owns 489,175 shares of the financial services provider's stock worth $86,423,000 after buying an additional 378,981 shares during the period. KBC Group NV increased its stake in shares of Interactive Brokers Group by 255.1% in the first quarter. KBC Group NV now owns 522,221 shares of the financial services provider's stock worth $86,474,000 after buying an additional 375,173 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Interactive Brokers Group by 45.6% in the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock worth $184,668,000 after buying an additional 349,255 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 461,500 shares of the company's stock, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,075,018 shares of company stock valued at $68,746,758 over the last 90 days. Company insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Performance

IBKR stock traded up $0.11 during midday trading on Friday, reaching $65.03. The company's stock had a trading volume of 8,097,957 shares, compared to its average volume of 7,474,877. The firm has a market capitalization of $110.30 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.54 and a beta of 1.23. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $68.07. The stock has a fifty day simple moving average of $63.15 and a two-hundred day simple moving average of $52.85.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company earned $1.76 earnings per share. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were given a $0.08 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Analysts Set New Price Targets

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