Richard P Slaughter Associates Inc Has $434,000 Stake in Interactive Brokers Group, Inc. $IBKR

Key Points

• Richard P Slaughter Associates Inc significantly increased its stake in Interactive Brokers by 107.3%, holding 7,824 shares valued at approximately $434,000.
• Other institutional investors, including Piper Sandler and Barclays, have raised their price targets for Interactive Brokers, indicating positive sentiment around the stock.
• Insider sales were reported, with Vice Chairman Earl H. Nemser selling 194,086 shares, representing a 29.60% decrease in his ownership position.

Richard P Slaughter Associates Inc raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 107.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,824 shares of the financial services provider's stock after purchasing an additional 4,050 shares during the period. Richard P Slaughter Associates Inc's holdings in Interactive Brokers Group were worth $434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $26,000. City Holding Co. acquired a new stake in Interactive Brokers Group in the first quarter worth $33,000. Nvwm LLC bought a new stake in Interactive Brokers Group in the first quarter valued at $33,000. ASR Vermogensbeheer N.V. acquired a new position in shares of Interactive Brokers Group during the first quarter valued at $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Interactive Brokers Group during the first quarter worth about $43,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 97,209 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $64.06, for a total transaction of $6,227,208.54. Following the completion of the sale, the chief financial officer owned 577,818 shares of the company's stock, valued at $37,015,021.08. This represents a 14.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction dated 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 sale, the insider owned 461,500 shares of the company's stock, valued at $31,146,635. This trade represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 656,154 shares of company stock valued at $42,299,977. 2.97% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler raised their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup increased their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Barclays lifted 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. Seven research 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Price Performance

NASDAQ IBKR traded down $0.14 on Wednesday, hitting $62.34. 5,256,858 shares of the company were exchanged, compared to its average volume of 10,133,718. Interactive Brokers Group, Inc. has a twelve month low of $32.31 and a twelve month high of $68.07. The firm has a market capitalization of $105.74 billion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. The company's 50 day moving average price is $62.94 and its 200-day moving average price is $52.68.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the business posted $1.76 EPS. The business's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors 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 of this dividend was Friday, August 29th. Interactive Brokers Group's payout ratio is presently 16.49%.

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.