Evelyn Partners Investment Management LLP Buys 57,338 Shares of Interactive Brokers Group, Inc. $IBKR

Evelyn Partners Investment Management LLP raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 84.9% during the second quarter, HoldingsChannel reports. The fund owned 124,862 shares of the financial services provider’s stock after acquiring an additional 57,338 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Interactive Brokers Group were worth $7,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in Interactive Brokers Group by 50.2% in the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock valued at $98,886,000 after acquiring an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC increased its position in shares of Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 6,163 shares in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in shares of Interactive Brokers Group by 158.0% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock valued at $17,233,000 after purchasing an additional 190,452 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Interactive Brokers Group by 335.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock worth $20,724,000 after purchasing an additional 288,055 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Interactive Brokers Group by 312.8% during the 2nd quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock worth $5,798,000 after buying an additional 79,294 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on IBKR shares. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group restated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 22,000 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total value of $1,487,860.00. Following the completion of the transaction, the director owned 231,704 shares of the company’s stock, valued at $15,670,141.52. The trade was a 8.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,026,711 shares of company stock valued at $65,238,880 over the last 90 days. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Down 0.8%

Interactive Brokers Group stock opened at $61.05 on Friday. The stock has a 50-day moving average price of $67.69 and a 200 day moving average price of $61.13. The company has a market capitalization of $103.55 billion, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35.

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

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a dividend of $0.08 per share. 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 15.38%.

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.