Interactive Brokers Group, Inc. $IBKR Shares Acquired by Swedbank AB

Swedbank AB boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,080 shares of the financial services provider’s stock after purchasing an additional 25,560 shares during the period. Swedbank AB’s holdings in Interactive Brokers Group were worth $1,888,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Interactive Brokers Group by 1,476.3% during the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock valued at $237,453,000 after acquiring an additional 1,343,007 shares in the last quarter. RV Capital AG lifted its position in Interactive Brokers Group by 300.0% in the 2nd quarter. RV Capital AG now owns 849,920 shares of the financial services provider’s stock valued at $47,094,000 after purchasing an additional 637,440 shares during the last quarter. GAMMA Investing LLC lifted its position in Interactive Brokers Group by 22,211.1% in the 1st quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider’s stock valued at $701,950,000 after purchasing an additional 422,010 shares during the last quarter. KBC Group NV increased its stake in Interactive Brokers Group by 255.1% during the 1st quarter. KBC Group NV now owns 522,221 shares of the financial services provider’s stock valued at $86,474,000 after buying an additional 375,173 shares during the period. Finally, Invesco Ltd. increased its stake in Interactive Brokers Group by 45.6% during the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock valued at $184,668,000 after buying an additional 349,255 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $64.22 on Tuesday. The firm has a market capitalization of $108.93 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. The company’s fifty day moving average price is $63.37 and its two-hundred day moving average price is $53.14. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR) last issued 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 EPS. Analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal 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 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 of this dividend was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio is presently 16.49%.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider owned 461,500 shares of the company’s stock, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the sale, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,075,018 shares of company stock valued at $68,746,758. 2.97% of the stock is owned by company insiders.

Analyst Ratings Changes

IBKR has been the topic of several research analyst reports. Piper Sandler raised their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Citigroup raised their price target 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. Finally, Barclays raised their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.38.

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.