Burney Co. Purchases 42,402 Shares of Interactive Brokers Group, Inc. $IBKR

Burney Co. lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 717.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,312 shares of the financial services provider’s stock after purchasing an additional 42,402 shares during the quarter. Burney Co.’s holdings in Interactive Brokers Group were worth $3,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its stake in Interactive Brokers Group by 486.3% during the 1st quarter. Quarry LP now owns 299 shares of the financial services provider’s stock worth $50,000 after buying an additional 248 shares during the period. ORG Partners LLC grew its stake in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 363 shares during the period. Huntington National Bank increased its holdings in shares of Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of Interactive Brokers Group by 300.0% during the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 423 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Interactive Brokers Group during the second quarter worth about $32,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright bought 400 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was acquired at an average cost of $65.95 per share, with a total value of $26,380.00. Following the completion of the purchase, the director owned 10,304 shares of the company’s stock, valued at $679,548.80. This represents a 4.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lawrence E. Harris sold 10,645 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total transaction of $734,505.00. Following the sale, the director directly owned 198,704 shares in the company, valued at $13,710,576. This trade represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 55,000 shares of company stock valued at $3,767,363. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $66.16 on Friday. The company has a market cap of $112.22 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 2.02 and a beta of 1.26. The firm has a 50-day moving average of $66.25 and a 200-day moving average of $63.62. 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 released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

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 $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Analyst Upgrades and Downgrades

IBKR has been the subject of several research analyst reports. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. CICC Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Barclays reiterated an “overweight” rating and set a $81.00 target price (up previously from $80.00) on shares of Interactive Brokers Group in a report on Friday, December 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 22nd. One investment 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 company. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.