Interactive Brokers Group, Inc. $IBKR Shares Bought by North Capital Inc.

North Capital Inc. increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,180 shares of the financial services provider’s stock after buying an additional 885 shares during the quarter. North Capital Inc.’s holdings in Interactive Brokers Group were worth $65,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cantillon Capital Management LLC boosted its position in Interactive Brokers Group by 288.7% during the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after acquiring an additional 9,509,805 shares during the period. Waverton Investment Management Ltd raised its stake in shares of Interactive Brokers Group by 2,148.3% during the second quarter. Waverton Investment Management Ltd now owns 4,441,243 shares of the financial services provider’s stock valued at $246,089,000 after purchasing an additional 4,243,702 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Interactive Brokers Group by 265.2% in the second quarter. Bank of New York Mellon Corp now owns 3,233,651 shares of the financial services provider’s stock worth $179,177,000 after purchasing an additional 2,348,305 shares during the period. American Century Companies Inc. lifted its holdings in Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after purchasing an additional 1,343,007 shares during the period. Finally, Trivest Advisors Ltd acquired a new stake in Interactive Brokers Group in the second quarter worth about $72,997,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the transaction, the chief financial officer directly owned 28,289 shares in the company, valued at $1,860,850.42. The trade was a 37.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jill Bright purchased 400 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was bought at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the purchase, the director directly owned 10,304 shares of the company’s stock, valued at $679,548.80. The trade was a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 1,220,797 shares of company stock worth $78,337,744. 2.97% of the stock is owned by company insiders.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $69.86 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The firm’s 50 day simple moving average is $66.84 and its 200-day simple moving average is $59.28. The company has a market cap of $118.49 billion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 EPS. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IBKR shares. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. Finally, Barclays set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.08.

About Interactive Brokers Group

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.