CVA Family Office LLC Takes $75,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)
CVA Family Office LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 905 shares of the financial services provider’s stock, valued at approximately $75,000.
Several other hedge funds also recently modified their holdings of IBKR. Vanguard Group Inc. lifted its position in Interactive Brokers Group by 3.3% in the third quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock worth $828,105,000 after purchasing an additional 308,236 shares during the period. BlackRock Inc. lifted its position in Interactive Brokers Group by 0.8% in the first quarter. BlackRock Inc. now owns 8,972,309 shares of the financial services provider’s stock worth $740,754,000 after purchasing an additional 69,018 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Interactive Brokers Group by 0.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,569,260 shares of the financial services provider’s stock worth $628,778,000 after purchasing an additional 68,013 shares during the period. Greenwich Wealth Management LLC lifted its position in Interactive Brokers Group by 6.5% in the third quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider’s stock worth $269,882,000 after purchasing an additional 189,555 shares during the period. Finally, State Street Corp lifted its position in Interactive Brokers Group by 2.8% in the second quarter. State Street Corp now owns 2,818,815 shares of the financial services provider’s stock worth $234,159,000 after purchasing an additional 76,695 shares during the period. 23.80% of the stock is owned by institutional investors.
Interactive Brokers Group Stock Performance
Shares of NASDAQ IBKR opened at $110.24 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $70.83 and a 52-week high of $112.50. The stock has a market cap of $46.41 billion, a PE ratio of 19.48, a PEG ratio of 1.00 and a beta of 0.83. The business has a fifty day moving average of $101.70 and a two-hundred day moving average of $90.12.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $1.30 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. Analysts predict that Interactive Brokers Group, Inc. will post 6.07 earnings per share for the current year.
Interactive Brokers Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were paid a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 7.07%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. UBS Group cut their price objective on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. Finally, Redburn Atlantic initiated coverage on Interactive Brokers Group in a report on Friday, December 1st. They set a “buy” rating and a $100.00 price objective for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.38.
Get Our Latest Research Report on IBKR
Insider Activity
In other news, insider Thomas Aj Frank sold 13,189 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $86.13, for a total value of $1,135,968.57. Following the completion of the sale, the insider now directly owns 630,023 shares in the company, valued at $54,263,880.99. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares in the company, valued at $22,585,012.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Aj Frank sold 13,189 shares of Interactive Brokers Group stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $86.13, for a total value of $1,135,968.57. Following the completion of the sale, the insider now owns 630,023 shares of the company’s stock, valued at $54,263,880.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 520,027 shares of company stock worth $48,369,714. 3.21% of the stock is owned by corporate insiders.
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.
See Also
Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report).
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