Point72 Europe London LLP Buys New Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Point72 Europe London LLP has initiated a new position in Interactive Brokers Group, acquiring 16,600 shares valued at approximately $2.75 million.
• Interactive Brokers reported a 14.7% year-over-year revenue increase with earnings per share of $0.51, surpassing estimates of $0.46.
• The company declared a quarterly dividend of $0.08 per share, with an annualized yield of 0.5%, and a payout ratio of 16.49%.

Point72 Europe London LLP bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,600 shares of the financial services provider's stock, valued at approximately $2,749,000.

Other hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new position in shares of Interactive Brokers Group during the first quarter valued at approximately $26,000. City Holding Co. purchased a new position in shares of Interactive Brokers Group during the first quarter valued at approximately $33,000. Nvwm LLC purchased a new position in shares of Interactive Brokers Group during the first quarter valued at approximately $33,000. ASR Vermogensbeheer N.V. purchased a new position in shares of Interactive Brokers Group during the first quarter valued at approximately $33,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Interactive Brokers Group during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $62.24 on Friday. The firm has a market cap of $105.57 billion, a PE ratio of 32.00, a PEG ratio of 2.54 and a beta of 1.22. The stock's fifty day moving average price is $61.13 and its two-hundred day moving average price is $52.05. Interactive Brokers Group, Inc. has a 1 year low of $30.01 and a 1 year high of $68.07.

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, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $1.48 billion for 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 period in the previous year, the company posted $1.76 earnings per share. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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 payout ratio is presently 16.49%.

Insider Activity

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 sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In 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.

Analysts Set New Price Targets

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

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.

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