Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Boosted by Comerica Bank
Comerica Bank grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,557 shares of the financial services provider’s stock after acquiring an additional 5,470 shares during the period. Comerica Bank’s holdings in Interactive Brokers Group were worth $4,549,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of IBKR. Eagle Bay Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at $31,000. Headlands Technologies LLC acquired a new position in Interactive Brokers Group during the 3rd quarter worth $40,000. Atlas Capital Advisors LLC acquired a new position in Interactive Brokers Group during the 1st quarter worth $40,000. Steward Partners Investment Advisory LLC lifted its position in Interactive Brokers Group by 496.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 602 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 501 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its position in Interactive Brokers Group by 64.5% during the 1st quarter. Belpointe Asset Management LLC now owns 579 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 227 shares during the last quarter. 21.56% of the stock is currently owned by hedge funds and other institutional investors.
Interactive Brokers Group Stock Performance
Shares of IBKR opened at $107.94 on Tuesday. The company has a 50-day simple moving average of $98.74 and a 200-day simple moving average of $89.32. The firm has a market capitalization of $45.45 billion, a P/E ratio of 19.07, a P/E/G ratio of 0.99 and a beta of 0.83. Interactive Brokers Group, Inc. has a 52 week low of $70.83 and a 52 week high of $112.50.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS. As a group, equities analysts forecast 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. Investors 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 yield of 0.37%. Interactive Brokers Group’s payout ratio is currently 7.07%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. UBS Group cut their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. Redburn Atlantic assumed coverage on shares of Interactive Brokers Group in a research report on Friday, December 1st. They set a “buy” rating and a $100.00 target price for the company. Finally, The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.38.
Get Our Latest Analysis on IBKR
Insider Activity at Interactive Brokers Group
In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares in the company, valued at approximately $22,585,012.08. The disclosure for this sale can be found here. Insiders have sold a total of 520,027 shares of company stock valued at $48,369,714 over the last quarter. 3.21% of the stock is owned by company insiders.
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.
See Also
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