AXQ Capital LP Invests $1.62 Million in Interactive Brokers Group, Inc. $IBKR

AXQ Capital LP bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 29,211 shares of the financial services provider’s stock, valued at approximately $1,619,000.

Several other large investors have also recently added to or reduced their stakes in IBKR. Vanguard Group Inc. raised its holdings in shares of Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock worth $2,316,715,000 after purchasing an additional 31,458,885 shares during the period. Cantillon Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 288.7% in the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after buying an additional 9,509,805 shares during the period. JPMorgan Chase & Co. grew its position in shares of Interactive Brokers Group by 227.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock valued at $562,328,000 after buying an additional 7,051,682 shares during the last quarter. Geode Capital Management LLC raised its stake in Interactive Brokers Group by 190.9% during the second quarter. Geode Capital Management LLC now owns 6,682,629 shares of the financial services provider’s stock worth $371,363,000 after acquiring an additional 4,385,602 shares during the period. Finally, Waverton Investment Management Ltd raised its stake in Interactive Brokers Group by 2,148.3% during the second quarter. Waverton Investment Management Ltd now owns 4,441,243 shares of the financial services provider’s stock worth $246,089,000 after acquiring an additional 4,243,702 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IBKR. Weiss Ratings restated a “hold (c+)” rating on shares of Interactive Brokers Group in a research note on Wednesday. BMO Capital Markets raised their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. Finally, Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.08.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 22,000 shares of Interactive Brokers Group stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total value of $1,487,860.00. Following the transaction, the director directly owned 231,704 shares in the company, valued at $15,670,141.52. The trade was a 8.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the sale, the chief financial officer directly owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,026,711 shares of company stock worth $65,238,880 in the last ninety days. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Trading Down 0.8%

Shares of Interactive Brokers Group stock opened at $61.05 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The stock has a market cap of $103.55 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The company’s 50-day moving average price is $67.69 and its two-hundred day moving average price is $61.13.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared 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 is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s 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.