Polianta Ltd Purchases Shares of 26,400 Interactive Brokers Group, Inc. $IBKR

Key Points

• Polianta Ltd acquired a new stake in Interactive Brokers Group, Inc. worth approximately $1.46 million, comprising about 0.6% of its investment portfolio.
• The stock has seen significant institutional interest, with firms like Fulton Bank and Wealth Enhancement Advisory Services increasing their holdings by over 200% in Q2.
• Interactive Brokers reported a quarterly earnings increase, with a net margin of 9.78% and shares currently trading around $62.34.

Polianta Ltd bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,400 shares of the financial services provider's stock, valued at approximately $1,462,000. Interactive Brokers Group accounts for approximately 0.6% of Polianta Ltd's holdings, making the stock its 24th biggest position.

A number of other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in Interactive Brokers Group by 50.2% in the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider's stock worth $98,886,000 after purchasing an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC lifted its position in Interactive Brokers Group by 243.8% in the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider's stock valued at $482,000 after acquiring an additional 6,163 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Interactive Brokers Group by 19.5% in the 1st quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock valued at $7,839,000 after purchasing an additional 7,734 shares during the period. First Hawaiian Bank grew its position in shares of 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 in the last quarter. Finally, Fragasso Financial Advisors Inc lifted its stake in Interactive Brokers Group by 338.5% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 30,072 shares of the financial services provider's stock valued at $1,666,000 after purchasing an additional 23,214 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Analysts Set New Price Targets

IBKR has been the subject of a number of research reports. Barclays upped their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Piper Sandler raised their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Citigroup upped their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Stock Up 0.2%

Shares of IBKR traded up $0.11 during midday trading on Friday, reaching $65.03. 8,097,957 shares of the stock were exchanged, compared to its average volume of 10,297,098. The company has a market cap of $110.30 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 2.65 and a beta of 1.23. The firm has a 50 day simple moving average of $63.27 and a 200-day simple moving average of $52.99. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $68.07.

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

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders 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 yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group's payout ratio is currently 16.49%.

Insider Buying and Selling at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer owned 158,954 shares of the company's stock, valued at $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the transaction, 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. In the last 90 days, insiders have sold 1,075,018 shares of company stock worth $68,746,758. Company insiders own 2.97% of the company's stock.

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.