Interactive Brokers Group, Inc. $IBKR Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 156.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,922,736 shares of the financial services provider’s stock after acquiring an additional 2,390,247 shares during the period. Bessemer Group Inc.’s holdings in Interactive Brokers Group were worth $263,097,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IBKR. Covenant Asset Management LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $3,028,000. Crocodile Capital Partners GmbH acquired a new position in Interactive Brokers Group in the 4th quarter valued at $12,041,000. OFI Invest Asset Management acquired a new position in Interactive Brokers Group in the 4th quarter valued at $22,356,000. Leonteq Securities AG purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth $1,746,000. Finally, Successful Portfolios LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth $1,431,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 5.3%

Shares of NASDAQ IBKR opened at $92.21 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $58.80 and a 52-week high of $97.84. The firm has a fifty day moving average of $89.31 and a 200-day moving average of $78.40. The stock has a market capitalization of $156.42 billion, a PE ratio of 39.75, a P/E/G ratio of 2.26 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post 2.51 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a dividend of $0.0875 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 1st. Interactive Brokers Group’s payout ratio is currently 15.09%.

Insider Buying and Selling

In other news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a report on Friday, May 1st. China Renaissance began coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating on the stock. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Wolfe Research began coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target for the company. Finally, Piper Sandler set a $105.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.89.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.