500,000 Shares in Interactive Brokers Group, Inc. $IBKR Purchased by Systrade AG

Systrade AG purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500,000 shares of the financial services provider’s stock, valued at approximately $34,405,000. Interactive Brokers Group accounts for approximately 25.4% of Systrade AG’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds have also modified their holdings of IBKR. ORG Partners LLC grew its position in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 363 shares during the period. Huntington National Bank grew its stake in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after buying an additional 176 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Interactive Brokers Group by 300.0% during the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after buying an additional 423 shares in the last quarter. Private Wealth Asset Management LLC increased its holdings in shares of Interactive Brokers Group by 300.0% during the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after buying an additional 435 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Interactive Brokers Group in the second quarter valued at approximately $32,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on IBKR shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Barclays reaffirmed an “overweight” rating and issued a $81.00 target price (up from $80.00) on shares of Interactive Brokers Group in a research note on Friday, December 12th. Finally, CICC Research began coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $72.19.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $62.94 on Friday. The firm’s 50 day moving average price is $66.64 and its two-hundred day moving average price is $62.96. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The stock has a market cap of $106.76 billion, a PE ratio of 30.22, a PEG ratio of 1.90 and a beta of 1.26.

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 for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business posted $1.61 EPS. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced 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 dividend payout ratio is presently 15.38%.

Insider Transactions at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 19,025 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $65.30, for a total transaction of $1,242,332.50. Following the completion of the transaction, the chief financial officer directly owned 74,034 shares in the company, valued at approximately $4,834,420.20. The trade was a 20.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence E. Harris sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the completion of the sale, the director directly owned 231,704 shares of the company’s stock, 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. In the last 90 days, insiders have sold 134,972 shares of company stock worth $8,963,295. Company 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.