Quantbot Technologies LP Buys 68,223 Shares of Interactive Brokers Group, Inc. $IBKR

Quantbot Technologies LP grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 451.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,327 shares of the financial services provider’s stock after acquiring an additional 68,223 shares during the quarter. Interactive Brokers Group accounts for 0.4% of Quantbot Technologies LP’s holdings, making the stock its 26th biggest position. Quantbot Technologies LP’s holdings in Interactive Brokers Group were worth $13,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Advisor Group LLC increased its stake in shares of Interactive Brokers Group by 176.2% in the 1st quarter. Private Advisor Group LLC now owns 4,762 shares of the financial services provider’s stock valued at $789,000 after acquiring an additional 3,038 shares during the last quarter. Kennondale Capital Management LLC lifted its stake in Interactive Brokers Group by 172.7% in the first quarter. Kennondale Capital Management LLC now owns 19,419 shares of the financial services provider’s stock valued at $3,216,000 after buying an additional 12,299 shares in the last quarter. Bayforest Capital Ltd lifted its stake in Interactive Brokers Group by 33.5% in the first quarter. Bayforest Capital Ltd now owns 3,873 shares of the financial services provider’s stock valued at $641,000 after buying an additional 971 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in Interactive Brokers Group in the first quarter valued at approximately $4,206,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Interactive Brokers Group by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 844,793 shares of the financial services provider’s stock valued at $139,889,000 after buying an additional 26,595 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the sale, the insider owned 461,500 shares of the company’s stock, valued at $31,146,635. This trade represents a 29.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 233,972 shares of company stock worth $15,746,449. Company insiders own 2.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on IBKR shares. Barclays lifted their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Citigroup lifted their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, 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 research report on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.38.

Interactive Brokers Group Trading Down 1.0%

Shares of IBKR opened at $63.31 on Monday. The company has a market cap of $107.03 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 2.58 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1-year low of $30.01 and a 1-year high of $68.07. The company’s fifty day simple moving average is $58.94 and its 200 day simple moving average is $51.59.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the company earned $1.76 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 16.49%.

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.