Quantitative Investment Management LLC Makes New $1.01 Million Investment in Interactive Brokers Group, Inc. $IBKR

Key Points

• Quantitative Investment Management LLC made a new investment of approximately $1.01 million in Interactive Brokers Group, acquiring 6,112 shares during the first quarter.
• Interactive Brokers reported earnings per share (EPS) of $0.51 for the last quarter, exceeding analysts' expectations of $0.46, and demonstrated a 14.7% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.08 per share, with the ex-dividend date set for Friday, August 29th, reflecting a 0.5% yield and a payout ratio of 16.49%.

Quantitative Investment Management LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,112 shares of the financial services provider's stock, valued at approximately $1,012,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Compound Planning Inc. grew its stake in shares of Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock worth $958,000 after purchasing an additional 62 shares in the last quarter. CWM LLC boosted its position in shares of Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after purchasing an additional 66 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock worth $1,410,000 after purchasing an additional 70 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Interactive Brokers Group by 4.1% during the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock worth $329,000 after purchasing an additional 79 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its holdings in Interactive Brokers Group by 3.3% during the first quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider's stock valued at $411,000 after buying an additional 79 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 0.1%

NASDAQ IBKR opened at $62.40 on Monday. The stock has a 50-day simple moving average of $60.10 and a 200 day simple moving average of $51.82. The company has a market capitalization of $105.84 billion, a PE ratio of 32.08, a P/E/G ratio of 2.54 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12 month low of $30.01 and a 12 month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company earned $1.76 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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 dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio is 16.49%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction that occurred on 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 sale, the insider owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 233,972 shares of company stock worth $15,746,449 over the last ninety days. Corporate 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.

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