Vident Advisory LLC Has $1.61 Million Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Vident Advisory LLC increased its stake in Interactive Brokers Group, Inc. by 160% during Q1, now holding shares valued at approximately $1.61 million.
• Recent insider transactions include Vice Chairman Earl H. Nemser selling over 194,000 shares for about $13 million, resulting in a nearly 30% decrease in his ownership.
• The company announced a $0.08 quarterly dividend, payable on September 12, representing a yield of 0.5% based on the recent share price.

Vident Advisory LLC boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 160.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,728 shares of the financial services provider's stock after acquiring an additional 5,987 shares during the period. Vident Advisory LLC's holdings in Interactive Brokers Group were worth $1,611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBKR. N.E.W. Advisory Services LLC acquired a new position in Interactive Brokers Group during the 1st quarter worth $26,000. City Holding Co. acquired a new position in Interactive Brokers Group in the first quarter valued at about $33,000. Nvwm LLC acquired a new position in Interactive Brokers Group in the first quarter valued at about $33,000. ASR Vermogensbeheer N.V. acquired a new position in Interactive Brokers Group in the first quarter valued at about $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Interactive Brokers Group in the first quarter valued at about $43,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Insiders Place Their Bets

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 233,972 shares of company stock valued at $15,746,449 in the last quarter. Corporate insiders own 2.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IBKR. Barclays boosted 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 report on Friday, July 18th. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Citigroup boosted their price target 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. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, The Goldman Sachs Group upped their target price on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Interactive Brokers Group Price Performance

Shares of IBKR stock traded down $4.12 during trading hours on Friday, reaching $60.16. 11,584,850 shares of the company were exchanged, compared to its average volume of 9,753,378. Interactive Brokers Group, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $68.07. The stock's fifty day moving average is $62.19 and its two-hundred day moving average is $52.21. The company has a market cap of $102.04 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 2.45 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced 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 net margin of 9.78% and a return on equity of 4.92%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business earned $1.76 earnings per share. Interactive Brokers Group's quarterly revenue was up 14.7% on a year-over-year basis. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's dividend payout ratio is currently 16.49%.

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.