Polianta Ltd Purchases New Position in 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 purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,400 shares of the financial services provider's stock, valued at approximately $1,462,000. Interactive Brokers Group makes up about 0.6% of Polianta Ltd's holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBKR. Focus Partners Wealth purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $385,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Interactive Brokers Group by 50.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,046 shares of the financial services provider's stock worth $186,000 after buying an additional 350 shares in the last quarter. Quantinno Capital Management LP raised its stake in Interactive Brokers Group by 13.4% in the fourth quarter. Quantinno Capital Management LP now owns 3,591 shares of the financial services provider's stock valued at $634,000 after purchasing an additional 424 shares in the last quarter. ProShare Advisors LLC raised its stake in Interactive Brokers Group by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 5,094 shares of the financial services provider's stock valued at $900,000 after purchasing an additional 350 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in Interactive Brokers Group by 6.9% in the fourth quarter. Rafferty Asset Management LLC now owns 3,434 shares of the financial services provider's stock valued at $607,000 after purchasing an additional 221 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

NASDAQ IBKR traded down $1.19 during trading on Monday, hitting $63.84. The company's stock had a trading volume of 2,298,488 shares, compared to its average volume of 7,445,471. The company has a market cap of $108.28 billion, a PE ratio of 32.83, a P/E/G ratio of 2.65 and a beta of 1.23. The business's 50 day simple moving average is $63.27 and its 200-day simple moving average is $53.03. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period last year, the business posted $1.76 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IBKR shares. Barclays raised their target price 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. Citigroup raised their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Piper Sandler lifted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $59.38.

Insider Activity

In other news, CFO Paul Jonathan Brody sold 116,861 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 461,500 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders sold 1,075,018 shares of company stock valued at $68,746,758. Company insiders own 2.97% of the company's stock.

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.