Bronte Capital Management Pty Ltd. Grows Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Bronte Capital Management Pty Ltd. lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 356.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,404,649 shares of the financial services provider’s stock after purchasing an additional 1,878,065 shares during the period. Interactive Brokers Group accounts for about 0.0% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 13th biggest position. Bronte Capital Management Pty Ltd. owned approximately 0.14% of Interactive Brokers Group worth $133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howe & Rusling Inc. purchased a new position in shares of Interactive Brokers Group in the 2nd quarter valued at $265,000. Main Management ETF Advisors LLC increased its stake in Interactive Brokers Group by 306.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 26,388 shares of the financial services provider’s stock valued at $1,462,000 after purchasing an additional 19,899 shares in the last quarter. Ensign Peak Advisors Inc increased its position in shares of Interactive Brokers Group by 312.2% in the 2nd quarter. Ensign Peak Advisors Inc now owns 2,059,466 shares of the financial services provider’s stock valued at $114,115,000 after acquiring an additional 1,559,866 shares during the period. ARS Investment Partners LLC acquired a new position in shares of Interactive Brokers Group in the second quarter valued at about $244,000. Finally, TD Waterhouse Canada Inc. raised its position in Interactive Brokers Group by 148.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 89,734 shares of the financial services provider’s stock worth $5,050,000 after buying an additional 53,674 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $64.56 on Thursday. The stock has a market capitalization of $109.50 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The business has a 50-day moving average of $67.78 and a 200 day moving average of $61.02. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business earned $1.61 EPS. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be paid 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%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 10,645 shares of the firm’s 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 sale, the director directly owned 198,704 shares in the company, valued at approximately $13,710,576. This trade represents a 5.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul Jonathan Brody sold 17,058 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,026,711 shares of company stock valued at $65,238,880. Insiders own 2.97% of the company’s stock.

Analyst Ratings Changes

IBKR has been the subject of a number of recent research reports. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Thursday, November 13th. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, BMO Capital Markets lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $72.08.

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.