Park Capital Management LLC WI Boosts Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Park Capital Management LLC WI increased its stake in **Interactive Brokers Group, Inc.** by 301.9% during Q2, acquiring a total of 8,935 shares now valued at $495,000.
• Institutional investors and hedge funds own 23.80% of Interactive Brokers' stock, with several firms, including Goldman Sachs, significantly boosting their holdings in previous quarters.
• Equities research analysts have raised their target prices for Interactive Brokers Group, with Piper Sandler increasing it to $65.00 and Barclays to $73.00, reflecting a positive outlook on the company's performance.

Park Capital Management LLC WI boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 301.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,935 shares of the financial services provider's stock after acquiring an additional 6,712 shares during the quarter. Park Capital Management LLC WI's holdings in Interactive Brokers Group were worth $495,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in IBKR. Goldman Sachs Group Inc. raised its holdings in shares of Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider's stock valued at $98,886,000 after acquiring an additional 199,467 shares during the last quarter. Inspire Investing LLC boosted its stake in Interactive Brokers Group by 19.5% during the 1st quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock worth $7,839,000 after purchasing an additional 7,734 shares during the last quarter. First Hawaiian Bank boosted its stake in Interactive Brokers Group by 334.1% during the 1st quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider's stock worth $1,251,000 after purchasing an additional 5,816 shares during the last quarter. Private Advisor Group LLC boosted its stake in Interactive Brokers Group by 176.2% during the 1st quarter. Private Advisor Group LLC now owns 4,762 shares of the financial services provider's stock worth $789,000 after purchasing an additional 3,038 shares during the last quarter. Finally, Fragasso Financial Advisors Inc boosted its stake in Interactive Brokers Group by 338.5% during the 2nd quarter. Fragasso Financial Advisors Inc now owns 30,072 shares of the financial services provider's stock worth $1,666,000 after purchasing an additional 23,214 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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. Barclays boosted their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Citigroup boosted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Insider Transactions at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 97,209 shares of Interactive Brokers Group stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $64.06, for a total transaction of $6,227,208.54. Following the sale, the chief financial officer directly owned 577,818 shares in the company, valued at $37,015,021.08. The trade was a 14.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $13,098,864.14. Following the completion of the sale, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 656,154 shares of company stock worth $42,299,977. Company insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Down 0.2%

IBKR stock opened at $62.34 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $32.31 and a 52-week high of $68.07. The stock's 50 day moving average is $63.03 and its two-hundred day moving average is $52.75. The company has a market capitalization of $105.74 billion, a PE ratio of 32.05, a P/E/G ratio of 2.54 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 EPS 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 return on equity of 4.92% and a net margin of 9.78%.The business's revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were issued 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 of this dividend was Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 16.49%.

Interactive Brokers Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.