Interactive Brokers Group, Inc. $IBKR Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 275.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,168 shares of the financial services provider’s stock after acquiring an additional 3,791 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $286,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in Interactive Brokers Group in the 1st quarter valued at about $26,000. Nvwm LLC acquired a new position in shares of Interactive Brokers Group in the first quarter valued at approximately $33,000. ASR Vermogensbeheer N.V. acquired a new position in shares of Interactive Brokers Group in the first quarter valued at approximately $33,000. Quarry LP raised its position in shares of Interactive Brokers Group by 486.3% in the first quarter. Quarry LP now owns 299 shares of the financial services provider’s stock valued at $50,000 after buying an additional 248 shares during the last quarter. Finally, Smithfield Trust Co raised its position in shares of Interactive Brokers Group by 78.5% in the first quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock valued at $57,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In other news, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the sale, the director owned 198,704 shares of the company’s stock, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction on 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 directly owned 28,289 shares of the company’s stock, valued at $1,860,850.42. The trade was a 37.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,220,797 shares of company stock valued at $78,337,744. 2.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IBKR. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. CICC Research started coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. BMO Capital Markets upped their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Barclays set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. Finally, Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average price target of $72.08.

Interactive Brokers Group Trading Up 3.9%

Shares of IBKR opened at $73.08 on Tuesday. The firm has a market capitalization of $123.95 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The stock’s fifty day simple moving average is $66.35 and its 200 day simple moving average is $58.90. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 earnings per share. Sell-side analysts predict 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 will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is 15.38%.

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.