XTX Topco Ltd Has $4.26 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• XTX Topco Ltd increased its holdings in Interactive Brokers Group, purchasing an additional 8,608 shares and boosting its total stake by 50.4% to 25,703 shares, valued at $4,256,000.
• In the fourth quarter, multiple institutional investors significantly increased their positions in IBKR, with American Century raising its stake by 40.5% and Mitsubishi UFJ Asset Management Co. increasing its position by 151.0%.
• Interactive Brokers announced a quarterly dividend of $0.08 per share, representing an annualized yield of 0.49%, payable on September 12th.

XTX Topco Ltd boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 50.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,703 shares of the financial services provider's stock after buying an additional 8,608 shares during the quarter. XTX Topco Ltd's holdings in Interactive Brokers Group were worth $4,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd boosted its stake in shares of Interactive Brokers Group by 39.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after buying an additional 53 shares during the period. CWM LLC lifted its stake in Interactive Brokers Group by 6.6% during the first quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock worth $176,000 after purchasing an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in 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 purchasing an additional 70 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Interactive Brokers Group by 2.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider's stock worth $502,000 after purchasing an additional 73 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Interactive Brokers Group by 4.1% during the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock worth $329,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

Shares of IBKR traded down $1.95 during mid-day trading on Friday, reaching $63.61. 7,972,286 shares of the company were exchanged, compared to its average volume of 5,473,302. Interactive Brokers Group, Inc. has a 52 week low of $25.92 and a 52 week high of $66.82. The stock has a market capitalization of $107.53 billion, a PE ratio of 32.70, a PEG ratio of 2.71 and a beta of 1.22. The business has a 50 day simple moving average of $56.43 and a two-hundred day simple moving average of $50.60.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued 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. 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 the consensus estimate of $1.37 billion. During the same period last year, the business posted $1.76 EPS. The business's revenue was up 14.7% compared to the same quarter last year. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 39,786 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $66.38, for a total transaction of $2,640,994.68. Following the completion of the sale, the insider directly owned 360,114 shares in the company, valued at approximately $23,904,367.32. This trade represents a 9.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on IBKR. Barclays upped their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Citigroup increased their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group increased their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Piper Sandler increased their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

About Interactive Brokers Group

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.