260,640 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Alden Global Capital LLC

Alden Global Capital LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 260,640 shares of the financial services provider’s stock, valued at approximately $14,442,000. Interactive Brokers Group accounts for 8.9% of Alden Global Capital LLC’s investment portfolio, making the stock its 3rd biggest position.

A number of other institutional investors have also made changes to their positions in the stock. Lighthouse Investment Partners LLC acquired a new stake in Interactive Brokers Group during the 2nd quarter worth $6,144,000. Florida Financial Advisors LLC increased its holdings in shares of Interactive Brokers Group by 551.0% in the second quarter. Florida Financial Advisors LLC now owns 17,440 shares of the financial services provider’s stock worth $997,000 after acquiring an additional 14,761 shares in the last quarter. Progeny 3 Inc. raised its position in shares of Interactive Brokers Group by 556.3% during the second quarter. Progeny 3 Inc. now owns 2,126,460 shares of the financial services provider’s stock worth $117,827,000 after purchasing an additional 1,802,445 shares during the period. California State Teachers Retirement System raised its position in shares of Interactive Brokers Group by 417.8% during the second quarter. California State Teachers Retirement System now owns 666,192 shares of the financial services provider’s stock worth $36,914,000 after purchasing an additional 537,533 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Interactive Brokers Group by 246.1% during the second quarter. Raymond James Financial Inc. now owns 2,060,404 shares of the financial services provider’s stock worth $114,167,000 after acquiring an additional 1,465,104 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IBKR. CICC Research initiated coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. 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. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. Finally, Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $72.19.

Insider Transactions at Interactive Brokers Group

In related news, 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 value of $1,487,860.00. Following the transaction, the director directly owned 231,704 shares of the company’s stock, valued at $15,670,141.52. The trade was a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 604,529 shares of company stock valued at $38,685,351. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $64.15 on Friday. The firm has a market cap of $108.81 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.01 and a beta of 1.26. The stock’s fifty day moving average price is $67.29 and its two-hundred day moving average price is $62.67. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were given a dividend of $0.08 per share. The ex-dividend date was 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 currently 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.