Yorktown Management & Research Co Inc Increases Stock Position in Interactive Brokers Group, Inc. $IBKR

Yorktown Management & Research Co Inc boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,400 shares of the financial services provider’s stock after purchasing an additional 9,300 shares during the period. Yorktown Management & Research Co Inc’s holdings in Interactive Brokers Group were worth $687,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Compound Planning Inc. grew its position 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 valued at $958,000 after buying an additional 62 shares during the period. CWM LLC grew its position in Interactive Brokers Group by 6.6% during the first quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after buying an additional 66 shares during the period. Crossmark Global Holdings Inc. grew its position in Interactive Brokers Group by 0.8% during the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock valued at $1,410,000 after buying an additional 70 shares during the period. USS Investment Management Ltd boosted its position in Interactive Brokers Group by 0.4% during the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after purchasing an additional 76 shares during the period. Finally, Securian Asset Management Inc. boosted its position in Interactive Brokers Group by 1.2% during the first quarter. Securian Asset Management Inc. now owns 8,331 shares of the financial services provider’s stock worth $1,380,000 after purchasing an additional 100 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IBKR. BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. CICC Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday. They set an “outperform” rating and a $78.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Insider Activity at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $65.78, for a total value of $1,122,075.24. Following the sale, the chief financial officer directly owned 28,289 shares of the company’s stock, valued at $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jill Bright bought 400 shares of the stock in a transaction that occurred on 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. This represents a 4.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 1,195,797 shares of company stock valued at $76,606,240 over the last three months. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Trading Down 1.2%

Shares of Interactive Brokers Group stock opened at $68.65 on Wednesday. The company’s 50-day moving average price is $65.73 and its 200-day moving average price is $57.98. The company has a market cap of $116.44 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.17 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last announced its 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. The business had revenue of $1.66 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%. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. On average, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a 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%.

Interactive Brokers Group Company 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.