Interactive Brokers Group, Inc. $IBKR Stock Sold by State of Wyoming

by · The Markets Daily

State of Wyoming trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 22.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,428 shares of the financial services provider’s stock after selling 10,678 shares during the quarter. Interactive Brokers Group makes up approximately 0.2% of State of Wyoming’s holdings, making the stock its 18th biggest position. State of Wyoming’s holdings in Interactive Brokers Group were worth $3,197,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IBKR. Nykredit A S purchased a new stake in Interactive Brokers Group in the 2nd quarter worth $15,348,000. Engineers Gate Manager LP boosted its holdings in shares of Interactive Brokers Group by 831.3% during the 2nd quarter. Engineers Gate Manager LP now owns 108,359 shares of the financial services provider’s stock valued at $9,432,000 after purchasing an additional 96,724 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Interactive Brokers Group by 79.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 516,646 shares of the financial services provider’s stock valued at $48,185,000 after purchasing an additional 228,716 shares during the last quarter. AXQ Capital LP grew its position in shares of Interactive Brokers Group by 69.6% during the second quarter. AXQ Capital LP now owns 45,065 shares of the financial services provider’s stock valued at $3,922,000 after purchasing an additional 18,499 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Interactive Brokers Group by 30.1% during the first quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider’s stock valued at $14,038,000 after purchasing an additional 48,443 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IBKR shares. Rothschild & Co Redburn boosted their target price on Interactive Brokers Group from $94.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Piper Sandler set a $109.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $111.00 price objective on shares of Interactive Brokers Group in a report on Thursday, October 1st. Jefferies Financial Group increased their target price on Interactive Brokers Group from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Evercore assumed coverage on shares of Interactive Brokers Group in a report on Monday, October 12th. They issued an “outperform” rating and a $100.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.87.

Get Our Latest Stock Report on Interactive Brokers Group

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence Harris sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total transaction of $2,065,250.00. Following the completion of the sale, the director directly owned 148,482 shares in the company, valued at approximately $12,266,098.02. This trade represents a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by company insiders.

Interactive Brokers Group Price Performance

IBKR stock opened at $76.90 on Friday. The firm’s 50-day moving average is $88.40 and its 200 day moving average is $82.88. The company has a market capitalization of $130.84 billion, a PE ratio of 29.58, a P/E/G ratio of 1.34 and a beta of 1.37. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s dividend payout ratio is currently 23.08%.

Interactive Brokers Group Profile

(Free Report)

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.

See Also

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