Union Bancaire Privee UBP SA Has $22.44 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Union Bancaire Privee UBP SA lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 62.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 326,133 shares of the financial services provider’s stock after acquiring an additional 125,029 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Interactive Brokers Group were worth $22,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after buying an additional 199,467 shares during the last quarter. Thrive Wealth Management LLC lifted its position in shares of Interactive Brokers Group by 243.8% in the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after buying an additional 6,163 shares during the last quarter. Quinn Opportunity Partners LLC boosted its stake in shares of Interactive Brokers Group by 158.0% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock worth $17,233,000 after acquiring an additional 190,452 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Interactive Brokers Group by 335.1% during 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 acquiring an additional 288,055 shares during the last quarter. Finally, American Century Companies Inc. raised its stake 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 acquiring an additional 4,168,530 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBKR. Barclays restated an “overweight” rating and issued a $81.00 target price (up from $80.00) on shares of Interactive Brokers Group in a report on Friday. 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. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.19.

Interactive Brokers Group Stock Up 0.3%

Shares of IBKR stock opened at $63.06 on Wednesday. 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 $106.96 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.26. The stock has a 50 day moving average of $67.03 and a 200-day moving average of $62.96.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the business posted $1.61 EPS. The business’s quarterly revenue was up 21.2% on a year-over-year basis. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

Insider Activity

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares of the company’s stock, valued at $10,289,092.42. This represents a 42.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence E. Harris sold 22,000 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total value of $1,487,860.00. Following the sale, the director directly owned 231,704 shares in the company, valued at $15,670,141.52. The trade was a 8.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 302,526 shares of company stock worth $19,802,983 over the last 90 days. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group 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.