Swedbank AB Takes Position in Interactive Brokers Group, Inc. $IBKR

Swedbank AB bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,520 shares of the financial services provider’s stock, valued at approximately $1,411,000.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on IBKR shares. Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Piper Sandler upped their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Citigroup boosted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Barclays boosted their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

Interactive Brokers Group Stock Up 0.4%

Shares of NASDAQ:IBKR opened at $62.48 on Wednesday. The company has a market capitalization of $105.97 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.53 and a beta of 1.23. The stock’s fifty day simple moving average is $62.94 and its 200-day simple moving average is $52.68. Interactive Brokers Group, Inc. has a 52-week low of $32.13 and a 52-week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm 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 business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 earnings per share. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio is presently 16.49%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 112,574 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $63.23, for a total transaction of $7,118,054.02. Following the completion of the sale, the chief financial officer directly owned 675,027 shares in the company, valued at $42,681,957.21. This represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 value of $13,098,864.14. Following the sale, the insider owned 461,500 shares of the company’s stock, valued at $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 656,154 shares of company stock valued at $42,299,977 over the last quarter. Insiders own 2.97% of the company’s stock.

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.