American Investment Services Inc. Buys New Shares in Interactive Brokers Group, Inc. $IBKR

American Investment Services Inc. bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,000 shares of the financial services provider’s stock, valued at approximately $671,000.

Several other large investors also recently bought and sold shares of IBKR. AQR Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 24.7% in the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after purchasing an additional 2,713 shares in the last quarter. Brown Advisory Inc. raised its stake in Interactive Brokers Group by 307.9% in the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after buying an additional 10,943 shares in the last quarter. Cerity Partners LLC purchased a new stake in Interactive Brokers Group during the 2nd quarter worth about $318,000. Daiwa Securities Group Inc. lifted its holdings in Interactive Brokers Group by 291.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock worth $1,973,000 after buying an additional 26,500 shares during the last quarter. Finally, AXA S.A. boosted its position in shares of Interactive Brokers Group by 128.1% during the 2nd quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after acquiring an additional 7,197 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $93.50 on Thursday. The company has a market capitalization of $158.61 billion, a P/E ratio of 37.40, a PEG ratio of 2.16 and a beta of 1.33. Interactive Brokers Group, Inc. has a fifty-two week low of $58.95 and a fifty-two week high of $97.84. The stock has a 50-day simple moving average of $89.93 and a 200-day simple moving average of $79.18.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a return on equity of 5.49% and a net margin of 9.94%.The company’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 2.55 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is currently 15.09%.

Interactive Brokers Group News Roundup

Here are the key news stories impacting Interactive Brokers Group this week:

Analyst Ratings Changes

IBKR has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. BMO Capital Markets restated an “outperform” rating and set a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday. China Renaissance assumed coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating for the company. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. Finally, Piper Sandler set a $109.00 price objective on shares of Interactive Brokers Group in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.89.

Read Our Latest Report on IBKR

Interactive Brokers Group Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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