Silver Oak Securities Incorporated Buys 28,162 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• Silver Oak Securities Incorporated increased its stake in Interactive Brokers Group by 311.7% in the second quarter, acquiring an additional 28,162 shares to total 37,198 shares valued at approximately $2,061,000.
• Several hedge funds have also made new investments in Interactive Brokers Group, with institutional investors currently holding 23.80% of the stock.
• Following recent major stock sales by insiders and positive analyst upgrades, Interactive Brokers Group holds a consensus rating of "Moderate Buy" from analysts.

Silver Oak Securities Incorporated lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 311.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,198 shares of the financial services provider's stock after purchasing an additional 28,162 shares during the period. Silver Oak Securities Incorporated's holdings in Interactive Brokers Group were worth $2,061,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of IBKR. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group during the 1st quarter worth $26,000. Contravisory Investment Management Inc. lifted its position in Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 423 shares in the last quarter. City Holding Co. bought a new stake in Interactive Brokers Group during the 1st quarter worth about $33,000. Nvwm LLC bought a new stake in Interactive Brokers Group during the 1st quarter worth about $33,000. Finally, ASR Vermogensbeheer N.V. bought a new stake in Interactive Brokers Group during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 1.5%

NASDAQ:IBKR traded up $0.94 on Tuesday, hitting $65.16. The company had a trading volume of 3,189,668 shares, compared to its average volume of 7,435,636. The stock has a market capitalization of $110.52 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.65 and a beta of 1.23. The firm has a 50 day moving average of $63.37 and a two-hundred day moving average of $53.14. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week 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, beating the consensus estimate 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 firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the company posted $1.76 EPS. The company's revenue was up 14.7% on a year-over-year basis. As a group, equities analysts forecast 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. Stockholders of record on Monday, September 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 16.49%.

Insider Transactions at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm'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 transaction, the insider directly owned 461,500 shares in the company, valued at $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. Insiders have sold 1,075,018 shares of company stock valued at $68,746,758 over the last quarter. Corporate insiders own 2.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IBKR shares. Barclays boosted their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Citigroup boosted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $59.38.

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.