Phoenix Financial Ltd. Takes $1.17 Million Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Phoenix Financial Ltd. acquired a new stake in Interactive Brokers Group, purchasing 22,080 shares valued at approximately $1.17 million.
• Interactive Brokers reported a quarterly earnings per share of $0.57, exceeding analyst estimates of $0.49, with revenues reaching $1.66 billion.
• The firm announced a quarterly dividend of $0.08 per share, with an ex-dividend date of December 1st, representing a 0.5% dividend yield.

Phoenix Financial Ltd. acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 22,080 shares of the financial services provider's stock, valued at approximately $1,172,000.

Several other institutional investors have also modified their holdings of the business. Compound Planning Inc. lifted its holdings in shares of Interactive Brokers Group by 1.1% during the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock valued at $958,000 after purchasing an additional 62 shares in the last quarter. CWM LLC raised its position in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after buying an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Interactive Brokers Group by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after buying an additional 70 shares during the last quarter. USS Investment Management Ltd raised its position in Interactive Brokers Group by 0.4% in the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock valued at $3,339,000 after buying an additional 76 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its position in Interactive Brokers Group by 3.3% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider's stock valued at $411,000 after buying an additional 79 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Down 1.0%

NASDAQ:IBKR opened at $66.27 on Wednesday. The firm has a market capitalization of $112.40 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.09 and a beta of 1.22. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The stock's 50 day moving average price is $65.29 and its two-hundred day moving average price is $56.86.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is presently 15.38%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays set a $80.00 target price on Interactive Brokers Group and gave the company an "overweight" rating in a research report on Friday. Citigroup lifted their target price 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. Weiss Ratings reissued a "hold (c)" rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. BMO Capital Markets lifted their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an "outperform" rating in a research report on Friday, October 17th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $71.34.

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 transaction, the chief financial officer directly owned 158,954 shares of the company's stock, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their position. The transaction was disclosed in a legal filing 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 transaction, the insider directly owned 461,500 shares in the company, 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 have sold a total of 1,205,683 shares of company stock worth $77,217,965 over the last three months. 2.97% of the stock is owned by 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.

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