Union Bancaire Privee UBP SA Has $11.14 Million Stake in Interactive Brokers Group, Inc. $IBKR

Key Points

• Union Bancaire Privee UBP SA increased its stake in Interactive Brokers Group by 547%, owning 201,104 shares valued at approximately $11.14 million.
• Several other hedge funds also expanded their holdings in Interactive Brokers during the second quarter, with 23.80% of the stock now owned by institutional investors.
• Interactive Brokers recently reported a quarterly earnings per share of $0.51, surpassing analysts' estimates, and has a current market cap of $116.69 billion.

Union Bancaire Privee UBP SA raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 547.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 201,104 shares of the financial services provider's stock after buying an additional 170,020 shares during the period. Union Bancaire Privee UBP SA's holdings in Interactive Brokers Group were worth $11,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Raleigh Capital Management Inc. grew its stake in shares of Interactive Brokers Group by 300.2% during the second quarter. Raleigh Capital Management Inc. now owns 12,198 shares of the financial services provider's stock valued at $676,000 after purchasing an additional 9,150 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Interactive Brokers Group by 350.6% during the second quarter. HB Wealth Management LLC now owns 10,004 shares of the financial services provider's stock valued at $554,000 after purchasing an additional 7,784 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Interactive Brokers Group by 201.1% during the second quarter. Janney Montgomery Scott LLC now owns 222,150 shares of the financial services provider's stock valued at $12,309,000 after purchasing an additional 148,380 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $127,000. Finally, City Holding Co. grew its stake in shares of Interactive Brokers Group by 300.0% during the second quarter. City Holding Co. now owns 800 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 600 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Insider Activity at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the firm's stock in a transaction on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer directly owned 28,289 shares in the company, valued at $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,205,683 shares of company stock worth $77,217,965 in the last quarter. Company insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Up 4.1%

Shares of NASDAQ IBKR opened at $68.80 on Tuesday. The company's fifty day moving average is $63.87 and its 200-day moving average is $53.98. The stock has a market cap of $116.69 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 2.69 and a beta of 1.23. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $68.83.

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 for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors 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 presently 16.49%.

Wall Street Analysts Forecast Growth

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

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