London & Capital Asset Management Ltd Takes Position in Interactive Brokers Group, Inc. $IBKR

London & Capital Asset Management Ltd purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 448,733 shares of the financial services provider’s stock, valued at approximately $24,864,000. Interactive Brokers Group comprises approximately 1.9% of London & Capital Asset Management Ltd’s holdings, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock worth $2,316,715,000 after purchasing an additional 31,458,885 shares during the period. Cantillon Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 288.7% in the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after acquiring an additional 9,509,805 shares in the last quarter. Greenwich Wealth Management LLC increased its stake in shares of Interactive Brokers Group by 301.6% during the second quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after acquiring an additional 8,159,175 shares during the period. JPMorgan Chase & Co. raised its holdings in Interactive Brokers Group by 227.7% during the second quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after purchasing an additional 7,051,682 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Interactive Brokers Group by 190.9% in the second quarter. Geode Capital Management LLC now owns 6,682,629 shares of the financial services provider’s stock valued at $371,363,000 after purchasing an additional 4,385,602 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBKR. Barclays set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group reiterated 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 shares of Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. Finally, Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $65.81 on Tuesday. The firm has a market capitalization of $111.62 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The company has a 50 day moving average price of $67.62 and a 200 day moving average price of $62.44.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.61 EPS. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid 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 is Monday, December 1st. Interactive Brokers Group’s payout ratio is currently 15.38%.

Insider Transactions at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the sale, the director owned 198,704 shares of the company’s stock, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jill Bright bought 400 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, October 23rd. The shares were acquired at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the acquisition, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. This represents a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 919,218 shares of company stock worth $58,588,288. 2.97% of the stock is currently owned by company insiders.

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.