Simplicity Wealth LLC Purchases Shares of 3,860 Interactive Brokers Group, Inc. $IBKR

Simplicity Wealth LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,860 shares of the financial services provider's stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently modified their holdings of IBKR. American Century Companies Inc. boosted its position in shares of Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after buying an additional 1,343,007 shares during the period. RV Capital AG boosted its position in shares of Interactive Brokers Group by 300.0% in the second quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock worth $47,094,000 after buying an additional 637,440 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Interactive Brokers Group by 283.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 516,526 shares of the financial services provider's stock worth $28,621,000 after buying an additional 381,656 shares during the period. KBC Group NV boosted its position in shares of Interactive Brokers Group by 255.1% in the first quarter. KBC Group NV now owns 522,221 shares of the financial services provider's stock worth $86,474,000 after buying an additional 375,173 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Interactive Brokers Group by 45.6% in the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock worth $184,668,000 after buying an additional 349,255 shares during the period. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Up 3.9%

NASDAQ:IBKR opened at $72.05 on Thursday. The business's 50 day moving average is $64.62 and its two-hundred day moving average is $55.11. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $72.30. The company has a market cap of $122.21 billion, a PE ratio of 37.04, a P/E/G ratio of 2.85 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the business posted $1.76 EPS. Interactive Brokers Group's quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders 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 yield of 0.4%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 16.49%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IBKR shares. Citigroup upped their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Barclays reiterated an "overweight" rating and issued a $81.00 price target (up previously from $73.00) on shares of Interactive Brokers Group in a research note on Wednesday. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Zacks Research cut Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. Finally, Piper Sandler boosted their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $65.47.

Insider Buying and Selling

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the transaction, the chief financial officer owned 158,954 shares of the company's stock, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the 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. The trade was 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 have sold 1,205,683 shares of company stock worth $77,217,965. 2.97% of the stock is currently owned by company insiders.

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.

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