UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 118,116 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• UBS Asset Management Americas LLC increased its stake in Interactive Brokers Group, Inc. (IBKR) by 38.5%, now owning 424,970 shares valued at approximately $70.37 million.
• Goldman Sachs also raised its stake by 50.2%, holding a total of 597,176 shares valued at around $98.89 million, showcasing strong interest from institutional investors.
• Interactive Brokers reported earnings per share of $0.51 for the last quarter, surpassing analysts' expectations, with a revenue of $1.48 billion, marking a year-over-year increase of 14.7%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 38.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,970 shares of the financial services provider's stock after purchasing an additional 118,116 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.10% of Interactive Brokers Group worth $70,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in Interactive Brokers Group in the first quarter valued at about $26,000. City Holding Co. purchased a new position in Interactive Brokers Group in the first quarter valued at about $33,000. Nvwm LLC purchased a new position in Interactive Brokers Group in the first quarter valued at about $33,000. ASR Vermogensbeheer N.V. purchased a new position in Interactive Brokers Group in the first quarter valued at about $33,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in Interactive Brokers Group in the first quarter valued at about $43,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analyst Ratings Changes

IBKR has been the subject of a number of analyst reports. 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 report on Tuesday, July 15th. Barclays boosted their price target 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. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Citigroup boosted their price objective 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. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average price target of $59.38.

Interactive Brokers Group Stock Down 1.1%

Interactive Brokers Group stock traded down $0.68 during trading hours on Wednesday, hitting $61.80. The stock had a trading volume of 2,624,976 shares, compared to its average volume of 7,462,151. The company has a 50-day moving average of $62.94 and a two-hundred day moving average of $52.68. The company has a market cap of $104.81 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23. Interactive Brokers Group, Inc. has a fifty-two week low of $32.31 and a fifty-two week high of $68.07.

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

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 112,574 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $63.23, for a total transaction of $7,118,054.02. Following the sale, the chief financial officer directly owned 675,027 shares in the company, valued at $42,681,957.21. This represents a 14.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 approximately $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. Over the last three months, insiders sold 656,154 shares of company stock valued at $42,299,977. 2.97% of the stock is currently owned by insiders.

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.