Interactive Brokers Group, Inc. $IBKR Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3,896.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,767 shares of the financial services provider’s stock after buying an additional 35,847 shares during the period. Acadian Asset Management LLC’s holdings in Interactive Brokers Group were worth $2,037,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group in the first quarter worth approximately $26,000. ORG Partners LLC lifted its holdings in shares of Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after buying an additional 363 shares during the period. Huntington National Bank boosted its stake in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after buying an additional 176 shares in the last quarter. Contravisory Investment Management Inc. raised its position in Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 423 shares in the last quarter. Finally, Private Wealth Asset Management LLC raised its position in Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 435 shares in the last quarter. 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 $66.03 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The company has a market cap of $112.00 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The firm has a fifty day moving average price of $67.67 and a two-hundred day moving average price of $60.60.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Thursday. CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price for the company. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.08.

Insider Activity

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the transaction, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction dated 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 transaction, the director directly owned 198,704 shares in the company, valued at $13,710,576. The trade was a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,026,711 shares of company stock valued at $65,238,880. Company insiders own 2.97% of the company’s stock.

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.