Interactive Brokers Group, Inc. $IBKR Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has increased its stake in Interactive Brokers Group, purchasing an additional 68,223 shares, raising its total holdings to 83,327 shares, which represent 0.4% of its portfolio.
• Vice Chairman Earl H. Nemser sold 194,086 shares of the company, decreasing his position by 29.60%, amid a trend of insider selling of 233,972 shares worth approximately $15.75 million in the past ninety days.
• Interactive Brokers Group reported $1.48 billion in revenue for the recent quarter, exceeding analysts' expectations, with earnings per share of $0.51, up from $0.46 expected.

Quantbot Technologies LP raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 451.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,327 shares of the financial services provider's stock after buying an additional 68,223 shares during the period. Interactive Brokers Group comprises about 0.4% of Quantbot Technologies LP's holdings, making the stock its 26th largest holding. Quantbot Technologies LP's holdings in Interactive Brokers Group were worth $13,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rockefeller Capital Management L.P. purchased a new position in Interactive Brokers Group in the fourth quarter valued at $2,306,000. Mariner LLC boosted its holdings in Interactive Brokers Group by 7.0% in the fourth quarter. Mariner LLC now owns 6,426 shares of the financial services provider's stock valued at $1,135,000 after purchasing an additional 418 shares during the period. Guggenheim Capital LLC boosted its holdings in Interactive Brokers Group by 92.7% in the fourth quarter. Guggenheim Capital LLC now owns 5,499 shares of the financial services provider's stock valued at $972,000 after purchasing an additional 2,645 shares during the period. United Capital Financial Advisors LLC purchased a new position in Interactive Brokers Group in the fourth quarter valued at $225,000. Finally, NewEdge Advisors LLC boosted its holdings in Interactive Brokers Group by 115.5% in the fourth quarter. NewEdge Advisors LLC now owns 2,967 shares of the financial services provider's stock valued at $524,000 after purchasing an additional 1,590 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBKR has been the subject of a number of recent research reports. Barclays lifted their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Citigroup raised their price target 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. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. The Goldman Sachs Group raised their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Piper Sandler raised their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business'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 transaction, the insider owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 233,972 shares of company stock valued at $15,746,449. Insiders own 2.97% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR traded down $0.07 during midday trading on Friday, reaching $62.40. 3,860,323 shares of the stock were exchanged, compared to its average volume of 4,223,272. The business's 50-day moving average price is $60.10 and its 200 day moving average price is $51.90. Interactive Brokers Group, Inc. has a twelve month low of $30.01 and a twelve month high of $68.07. The company has a market capitalization of $105.84 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.54 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results 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 business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The business's revenue was up 14.7% compared to the same quarter last year. As a group, equities 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's payout ratio is 16.49%.

About Interactive Brokers Group

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.