Capital Impact Advisors LLC Makes New $12.42 Million Investment in Interactive Brokers Group, Inc. $IBKR

Capital Impact Advisors LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 180,496 shares of the financial services provider’s stock, valued at approximately $12,420,000. Interactive Brokers Group comprises 2.8% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 16th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Interactive Brokers Group by 24.7% during the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after buying an additional 2,713 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at about $208,000. Acadian Asset Management LLC raised its stake in shares of Interactive Brokers Group by 3,896.4% in the second quarter. Acadian Asset Management LLC now owns 36,767 shares of the financial services provider’s stock worth $2,037,000 after acquiring an additional 35,847 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Interactive Brokers Group by 392.9% in the second quarter. ProShare Advisors LLC now owns 22,864 shares of the financial services provider’s stock worth $1,267,000 after acquiring an additional 18,225 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Interactive Brokers Group by 336.2% during the second quarter. Allworth Financial LP now owns 7,180 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 5,534 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at $12,066,750. This trade represents a 48.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 400,000 shares of company stock valued at $30,725,122. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $66.19 on Friday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The company has a 50 day moving average of $72.65 and a 200-day moving average of $68.34. The stock has a market cap of $112.27 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 1.85 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the business posted $0.51 earnings per share. Interactive Brokers Group’s revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 14.48%.

Analyst Ratings Changes

A number of brokerages recently weighed in on IBKR. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Finally, BMO Capital Markets lifted their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Profile

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.