Polar Asset Management Partners Inc. Purchases New Shares in Interactive Brokers Group, Inc. $IBKR

Key Points

• Polar Asset Management Partners opened a new stake in Interactive Brokers (NASDAQ:IBKR) of 45,472 shares in Q3, valued at about $3.13 million.
• Interactive Brokers beat quarterly expectations with $0.65 EPS versus $0.50 estimated and reported $1.64 billion in revenue, up 18.5% year‑over‑year.
• Insiders sold heavily: Vice Chairman Earl H. Nemser sold 60,200 shares on Jan. 27, and insiders disposed of 400,000 shares (≈$30.7 million) in the last quarter, while owning 2.97% of the company.

Polar Asset Management Partners Inc. acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 45,472 shares of the financial services provider's stock, valued at approximately $3,129,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBKR. Murphy & Mullick Capital Management Corp bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. N.E.W. Advisory Services LLC grew its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 474 shares in the last quarter. Ramsey Quantitative Systems bought a new position in shares of Interactive Brokers Group in the second quarter valued at approximately $44,000. Darwin Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $45,000. Finally, Close Asset Management Ltd bought a new stake in Interactive Brokers Group during the third quarter worth $60,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm's stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 400,000 shares of company stock worth $30,725,122 in the last quarter. Corporate insiders own 2.97% of the company's stock.

Interactive Brokers Group Trading Down 1.1%

NASDAQ:IBKR opened at $67.69 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $79.18. The firm's 50 day moving average is $72.39 and its 200 day moving average is $68.46. The stock has a market capitalization of $114.81 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the company earned $0.51 earnings per share. Interactive Brokers Group's revenue was up 18.5% compared to the same quarter last year. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.08 per share. The ex-dividend date was Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio is currently 14.48%.

Analysts Set New Price Targets

Several research analysts have weighed in on IBKR shares. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the stock an "overweight" rating in a research report on Wednesday, January 21st. BMO Capital Markets lifted their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 24th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and a consensus price target of $76.39.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc NASDAQ: IBKR is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

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