Banco Bilbao Vizcaya Argentaria S.A. Raises Stake in Interactive Brokers Group, Inc. $IBKR

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 291.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,924 shares of the financial services provider’s stock after acquiring an additional 78,833 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Interactive Brokers Group were worth $5,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its stake in Interactive Brokers Group by 50.2% in the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after purchasing an additional 199,467 shares during the period. Thrive Wealth Management LLC lifted its position in Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after buying an additional 6,163 shares during the period. TD Asset Management Inc boosted its holdings in shares of Interactive Brokers Group by 312.8% during the 2nd quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock valued at $5,798,000 after buying an additional 79,294 shares in the last quarter. Quinn Opportunity Partners LLC boosted its holdings in shares of Interactive Brokers Group by 158.0% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock valued at $17,233,000 after buying an additional 190,452 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Interactive Brokers Group by 335.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock worth $20,724,000 after buying an additional 288,055 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IBKR. Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a research note on Thursday. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. BMO Capital Markets boosted their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Barclays set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Interactive Brokers Group Stock Down 1.5%

Shares of NASDAQ IBKR opened at $66.03 on Friday. The firm has a market cap of $112.00 billion, a P/E ratio of 31.71, a PEG ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The company has a 50 day moving average of $67.67 and a 200 day moving average of $60.60.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the company earned $1.61 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts expect 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 will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s payout ratio is 15.38%.

Insider Transactions at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the sale, the chief financial officer owned 158,954 shares of the company’s stock, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lawrence E. Harris sold 22,000 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the completion of the sale, the director owned 231,704 shares of the company’s stock, valued at $15,670,141.52. This represents a 8.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,026,711 shares of company stock valued at $65,238,880. 2.97% of the stock is owned by insiders.

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.