Uncommon Cents Investing LLC Boosts Stock Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Uncommon Cents Investing LLC significantly increased its position in Interactive Brokers Group, raising its holdings by 387.9% to 83,520 shares, valued at approximately $4.63 million.
• Interactive Brokers received various analyst upgrades, with recent price targets increasing from $45.50 to $73.00 and a consensus rating of "Moderate Buy".
• Interactive Brokers also declared a quarterly dividend of $0.08 per share, which provides an annual yield of 0.5%.

Uncommon Cents Investing LLC increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 387.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,520 shares of the financial services provider's stock after purchasing an additional 66,400 shares during the quarter. Interactive Brokers Group accounts for about 1.2% of Uncommon Cents Investing LLC's holdings, making the stock its 21st largest holding. Uncommon Cents Investing LLC's holdings in Interactive Brokers Group were worth $4,628,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Compound Planning Inc. lifted its holdings in 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 acquiring an additional 62 shares during the last quarter. CWM LLC boosted its position in Interactive Brokers Group by 6.6% in the first quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after buying an additional 66 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Interactive Brokers Group by 0.8% during the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock worth $1,410,000 after buying an additional 70 shares during the last quarter. USS Investment Management Ltd increased its stake in Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock valued at $3,339,000 after purchasing an additional 76 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Interactive Brokers Group by 4.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after acquiring an additional 79 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of recent research reports. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup lifted their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Piper Sandler boosted their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Barclays increased their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

Interactive Brokers Group Stock Up 1.8%

Shares of NASDAQ IBKR opened at $66.12 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $68.07. The stock has a market capitalization of $112.15 billion, a P/E ratio of 33.99, a PEG ratio of 2.69 and a beta of 1.23. The stock's 50 day moving average price is $63.74 and its two-hundred day moving average price is $53.70.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter last year, the firm earned $1.76 earnings per share. The business's revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 16.49%.

Insiders Place Their Bets

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the sale, the insider directly owned 461,500 shares of the company's stock, 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 quarter, insiders have sold 1,174,329 shares of company stock worth $75,169,366. 2.97% of the stock is owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.