Hengistbury Investment Partners LLP Buys 891,587 Shares of Interactive Brokers Group, Inc. $IBKR

Hengistbury Investment Partners LLP grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 364.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,136,084 shares of the financial services provider’s stock after buying an additional 891,587 shares during the period. Interactive Brokers Group accounts for approximately 43.0% of Hengistbury Investment Partners LLP’s holdings, making the stock its 2nd biggest holding. Hengistbury Investment Partners LLP’s holdings in Interactive Brokers Group were worth $62,950,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBKR. Vanguard Group Inc. grew its position in Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after acquiring an additional 31,458,885 shares during the period. Cantillon Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 288.7% in the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after purchasing an additional 9,509,805 shares in the last quarter. Greenwich Wealth Management LLC grew its holdings in shares of Interactive Brokers Group by 301.6% during the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after purchasing an additional 8,159,175 shares during the period. JPMorgan Chase & Co. increased its position in Interactive Brokers Group by 227.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after purchasing an additional 7,051,682 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Interactive Brokers Group by 190.9% in the second quarter. Geode Capital Management LLC now owns 6,682,629 shares of the financial services provider’s stock valued at $371,363,000 after buying an additional 4,385,602 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of several research reports. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Tuesday, November 25th. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Friday, October 17th. BMO Capital Markets raised their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, CICC Research assumed coverage on Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $72.08.

Interactive Brokers Group Trading Down 2.2%

Shares of IBKR stock opened at $64.50 on Friday. The firm has a fifty day simple moving average of $67.68 and a 200-day simple moving average of $62.19. The company has a market capitalization of $109.40 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.01 and a beta of 1.26. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is 15.38%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence E. Harris sold 22,000 shares of Interactive Brokers Group stock in a transaction that occurred on 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 sale, the director owned 231,704 shares in the company, valued at $15,670,141.52. This represents a 8.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,026,711 shares of company stock valued at $65,238,880 in the last three months. 2.97% of the stock is currently owned by company 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.