Jefferies Financial Group Inc. Boosts Stake in Interactive Brokers Group, Inc. $IBKR

Jefferies Financial Group Inc. increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 127.2% in the 2nd quarter, Holdings Channel reports. The fund owned 18,348 shares of the financial services provider’s stock after buying an additional 10,272 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Interactive Brokers Group were worth $1,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Compound Planning Inc. lifted its stake in Interactive Brokers Group by 1.1% during the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 62 shares during the last quarter. USS Investment Management Ltd raised its holdings in shares of Interactive Brokers Group by 0.4% during the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock valued at $3,339,000 after buying an additional 76 shares in the last quarter. Measured Wealth Private Client Group LLC raised its holdings in shares of Interactive Brokers Group by 4.4% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 3,012 shares of the financial services provider’s stock valued at $499,000 after buying an additional 127 shares in the last quarter. Summit Financial LLC lifted its position in Interactive Brokers Group by 9.0% in the 1st quarter. Summit Financial LLC now owns 1,585 shares of the financial services provider’s stock worth $262,000 after buying an additional 131 shares during the last quarter. Finally, Smithfield Trust Co boosted its stake in Interactive Brokers Group by 78.5% in the first quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock worth $57,000 after buying an additional 150 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IBKR shares. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Tuesday. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. BMO Capital Markets upped their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note 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 stock. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $64.19 on Thursday. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The firm has a market cap of $108.88 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.16 and a beta of 1.22. The business’s 50 day moving average price is $67.74 and its 200-day moving average price is $61.61.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced 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 annualized dividend 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 (DPR) is currently 15.38%.

Insider Activity

In related news, Director Jill Bright acquired 400 shares of the stock in a transaction on Thursday, October 23rd. The stock was acquired at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the acquisition, the director directly owned 10,304 shares of the company’s stock, valued at approximately $679,548.80. This represents a 4.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the transaction, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. This trade represents a 37.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,026,711 shares of company stock valued at $65,238,880. 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.