Interactive Brokers Group, Inc. $IBKR Shares Purchased by Bamco Inc. NY

Bamco Inc. NY boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 359.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,198,424 shares of the financial services provider’s stock after buying an additional 3,284,457 shares during the quarter. Interactive Brokers Group accounts for approximately 0.6% of Bamco Inc. NY’s portfolio, making the stock its 28th largest holding. Bamco Inc. NY owned 0.25% of Interactive Brokers Group worth $232,635,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after purchasing an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC increased its position in shares of Interactive Brokers Group by 243.8% in the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after buying an additional 6,163 shares in the last quarter. Quinn Opportunity Partners LLC raised its stake in shares of Interactive Brokers Group by 158.0% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock worth $17,233,000 after buying an additional 190,452 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Interactive Brokers Group by 335.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock worth $20,724,000 after buying an additional 288,055 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Interactive Brokers Group by 290.7% in the 2nd quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock valued at $310,435,000 after acquiring an additional 4,168,530 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $64.15 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 capitalization 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 has a fifty day moving average of $67.29 and a two-hundred day moving average of $62.67.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.61 billion during 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 business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 earnings per share. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IBKR shares. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday. The Goldman Sachs Group restated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. CICC Research began coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price on the stock. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, BMO Capital Markets upped their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.19.

Insider Buying and Selling

In related news, Director Jill Bright purchased 400 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were bought at an average price of $65.95 per share, with a total value of $26,380.00. Following the completion of the purchase, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. This trade represents a 4.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction on 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 completion of the transaction, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 604,529 shares of company stock valued at $38,685,351. 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.