Uncommon Cents Investing LLC Sells 39,945 Shares of Interactive Brokers Group, Inc. $IBKR

by · The Markets Daily

Uncommon Cents Investing LLC decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 47.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,575 shares of the financial services provider’s stock after selling 39,945 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Interactive Brokers Group were worth $2,998,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in shares of Interactive Brokers Group by 50.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after acquiring an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC raised its position in Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 6,163 shares in the last quarter. Quinn Opportunity Partners LLC lifted its stake in Interactive Brokers Group by 158.0% during the second quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock worth $17,233,000 after purchasing an additional 190,452 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 purchasing an additional 4,168,530 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake 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 valued at $20,724,000 after purchasing an additional 288,055 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 0.2%

Shares of NASDAQ:IBKR opened at $65.84 on Friday. The business has a fifty day simple moving average of $66.25 and a 200 day simple moving average of $63.43. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35. The firm has a market cap of $111.67 billion, a P/E ratio of 31.61, a P/E/G ratio of 2.01 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last released 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. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays restated an “overweight” rating and set a $81.00 price objective (up from $80.00) on shares of Interactive Brokers Group in a research report on Friday, December 12th. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. CICC Research began coverage on shares of 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. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

Get Our Latest Analysis on Interactive Brokers Group

Insider Activity at Interactive Brokers Group

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

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.

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