Vest Financial LLC Buys 56,053 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• Vest Financial LLC significantly increased its stake in Interactive Brokers Group, acquiring 56,053 shares, bringing its total to 64,862 shares, worth approximately $3.59 million.
• Interactive Brokers reported a quarterly earnings per share of $0.51, surpassing estimates by $0.05, and achieved a revenue of $1.48 billion, indicating a year-over-year growth of 14.7%.
• The company declared a quarterly dividend of $0.08 per share, resulting in an annual yield of 0.5%, which reflects a payout ratio of 16.49%.

Vest Financial LLC boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 636.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,862 shares of the financial services provider's stock after buying an additional 56,053 shares during the quarter. Vest Financial LLC's holdings in Interactive Brokers Group were worth $3,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new stake in Interactive Brokers Group in the first quarter worth $26,000. Nvwm LLC purchased a new stake in Interactive Brokers Group in the first quarter worth $33,000. ASR Vermogensbeheer N.V. purchased a new stake in Interactive Brokers Group in the first quarter worth $33,000. North Capital Inc. purchased a new stake in Interactive Brokers Group in the first quarter worth $49,000. Finally, Quarry LP increased its position in Interactive Brokers Group by 486.3% in the first quarter. Quarry LP now owns 299 shares of the financial services provider's stock worth $50,000 after buying an additional 248 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $70.52 on Tuesday. The firm has a market capitalization of $119.61 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 2.83 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The stock has a fifty day moving average of $64.98 and a 200 day moving average of $55.85.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $1.76 earnings per share. Equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares of the company's stock, valued at $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 1,205,683 shares of company stock worth $77,217,965 over the last three months. Insiders own 2.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IBKR shares. Zacks Research cut Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Interactive Brokers Group in a research report on Saturday, September 27th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Barclays reiterated an "overweight" rating and issued a $81.00 price target (up from $73.00) on shares of Interactive Brokers Group in a research report on Wednesday, October 8th. Finally, Citigroup lifted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average target price of $65.47.

Interactive Brokers Group Company 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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