QRG Capital Management Inc. Has $1.40 Million Stake in Interactive Brokers Group, Inc. $IBKR

QRG Capital Management Inc. lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 332.1% during the second quarter, Holdings Channel.com reports. The firm owned 25,311 shares of the financial services provider’s stock after purchasing an additional 19,454 shares during the period. QRG Capital Management Inc.’s holdings in Interactive Brokers Group were worth $1,402,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Boyar Asset Management Inc. acquired a new position in shares of Interactive Brokers Group during the second quarter worth approximately $271,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Interactive Brokers Group during the second quarter worth $312,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Interactive Brokers Group by 1,072.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,580 shares of the financial services provider’s stock worth $309,000 after buying an additional 5,104 shares in the last quarter. ASR Vermogensbeheer N.V. grew its holdings in Interactive Brokers Group by 1,884.2% during the second quarter. ASR Vermogensbeheer N.V. now owns 4,008 shares of the financial services provider’s stock worth $222,000 after buying an additional 3,806 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Interactive Brokers Group by 283.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 516,526 shares of the financial services provider’s stock worth $28,621,000 after buying an additional 381,656 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays upped their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Piper Sandler upped their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. Finally, Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.47.

Insider Buying and Selling

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at $10,289,092.42. The trade was a 42.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This trade represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,205,683 shares of company stock worth $77,217,965 over the last ninety days. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Down 0.4%

NASDAQ:IBKR opened at $69.35 on Wednesday. The stock has a market cap of $117.63 billion, a P/E ratio of 35.66, a PEG ratio of 2.86 and a beta of 1.22. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $71.78. The business’s 50-day moving average price is $64.50 and its two-hundred day moving average price is $54.99.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.Interactive Brokers Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $1.76 EPS. On average, equities research 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 was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were 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 was Friday, August 29th. Interactive Brokers Group’s payout ratio is 16.49%.

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.