Prime Capital Investment Advisors LLC Has $2.39 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Prime Capital Investment Advisors LLC increased its stake in Interactive Brokers Group by 346.5% in Q2, owning 43,178 shares worth $2.39 million after purchasing an additional 33,508 shares.
• A number of institutional investors have significantly increased their holdings in Interactive Brokers Group, with American Century Companies Inc. growing its stake by 1,476.3% in Q1, now owning 1,433,981 shares valued at $237.5 million.
• Analysts have varied opinions on the stock, with Zacks lowering its rating from "strong-buy" to "hold", while Citigroup raised its target price from $53.75 to $60.00 and maintained a "buy" rating.

Prime Capital Investment Advisors LLC increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 346.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,178 shares of the financial services provider's stock after purchasing an additional 33,508 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Interactive Brokers Group were worth $2,392,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in Interactive Brokers Group by 1,476.3% during the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after acquiring an additional 1,343,007 shares during the last quarter. RV Capital AG grew its holdings in Interactive Brokers Group by 300.0% during the 2nd quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock worth $47,094,000 after acquiring an additional 637,440 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Interactive Brokers Group by 283.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 516,526 shares of the financial services provider's stock worth $28,621,000 after acquiring an additional 381,656 shares during the last quarter. KBC Group NV grew its holdings in Interactive Brokers Group by 255.1% during the 1st quarter. KBC Group NV now owns 522,221 shares of the financial services provider's stock worth $86,474,000 after acquiring an additional 375,173 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Interactive Brokers Group by 45.6% during the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock worth $184,668,000 after acquiring an additional 349,255 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on IBKR shares. Zacks Research lowered shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. BMO Capital Markets started coverage on shares of Interactive Brokers Group in a report on Friday, October 3rd. They set an "outperform" rating and a $82.00 target price on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. Finally, Citigroup boosted 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.47.

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 shares were 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 $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The sale 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 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 transaction, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,205,683 shares of company stock worth $77,217,965. 2.97% of the stock is owned by insiders.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $69.35 on Wednesday. The firm's fifty day moving average is $64.50 and its 200-day moving average is $54.99. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $71.78. The firm has a market cap of $117.63 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.86 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm posted $1.76 EPS. The company's quarterly revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio is currently 16.49%.

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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