Interactive Brokers Group, Inc. $IBKR Shares Bought by Bares Capital Management Inc.

Bares Capital Management Inc. lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 256.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,011,100 shares of the financial services provider’s stock after acquiring an additional 2,166,563 shares during the quarter. Interactive Brokers Group makes up 16.2% of Bares Capital Management Inc.’s holdings, making the stock its 2nd biggest holding. Bares Capital Management Inc. owned about 0.18% of Interactive Brokers Group worth $166,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Compound Planning Inc. increased its position in Interactive Brokers Group by 1.1% during the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 62 shares during the period. USS Investment Management Ltd lifted its position in shares of Interactive Brokers Group by 0.4% in the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after purchasing an additional 76 shares during the period. Summit Financial LLC boosted its stake in shares of Interactive Brokers Group by 9.0% in the 1st quarter. Summit Financial LLC now owns 1,585 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 131 shares during the last quarter. Sei Investments Co. increased its position in shares of Interactive Brokers Group by 0.3% during the first quarter. Sei Investments Co. now owns 59,000 shares of the financial services provider’s stock worth $10,412,000 after buying an additional 160 shares during the period. Finally, Huntington National Bank increased its position in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after buying an additional 176 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several recent analyst reports. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. Barclays restated an “overweight” rating and set a $81.00 target price (up previously from $80.00) on shares of Interactive Brokers Group in a research report on Friday. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. One investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.19.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $64.15 on Friday. The business has a 50-day simple moving average of $67.29 and a 200 day simple moving average of $62.67. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The firm has a market capitalization of $108.81 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.01 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 earnings per share. On average, sell-side analysts expect 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 was paid on Friday, December 12th. Shareholders of record on Monday, December 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 1st. Interactive Brokers Group’s payout ratio is 15.38%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the transaction, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jill Bright acquired 400 shares of Interactive Brokers Group stock in a transaction dated Thursday, October 23rd. The shares were acquired at an average price of $65.95 per share, with a total value of $26,380.00. Following the completion of the acquisition, the director directly owned 10,304 shares of the company’s stock, valued at approximately $679,548.80. The trade was a 4.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 604,529 shares of company stock worth $38,685,351. 2.97% of the stock is owned by corporate insiders.

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.