Interactive Brokers Group, Inc. $IBKR Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2,041.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,207 shares of the financial services provider’s stock after acquiring an additional 104,107 shares during the period. Baird Financial Group Inc.’s holdings in Interactive Brokers Group were worth $6,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP raised its holdings 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 worth $50,000 after acquiring an additional 248 shares during the last quarter. ORG Partners LLC boosted its stake in shares of Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Huntington National Bank grew its holdings in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after buying an additional 176 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of 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 valued at $31,000 after buying an additional 423 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Interactive Brokers Group during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $65.56 on Wednesday. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The company has a market capitalization of $111.20 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 2.00 and a beta of 1.26. The business has a 50-day moving average of $67.55 and a 200-day moving average of $62.53.

Interactive Brokers Group (NASDAQ:IBKR) last released 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. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company posted $1.61 EPS. Interactive Brokers Group’s revenue for the quarter was up 21.2% on a year-over-year basis. Research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 15.38%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the business’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 transaction, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. The trade was a 37.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lawrence E. Harris sold 10,645 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the transaction, the director directly owned 198,704 shares of the company’s stock, valued at approximately $13,710,576. The trade was a 5.08% 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 sold 814,312 shares of company stock valued at $52,030,614. Corporate insiders own 2.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on IBKR. Barclays set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. BMO Capital Markets raised their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday. 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.08.

Interactive Brokers Group 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.