AWH Capital L.P. Grows Position in Interactive Brokers Group, Inc. $IBKR

AWH Capital L.P. boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,380 shares of the financial services provider’s stock after buying an additional 87,285 shares during the quarter. Interactive Brokers Group makes up approximately 7.5% of AWH Capital L.P.’s portfolio, making the stock its 3rd largest holding. AWH Capital L.P.’s holdings in Interactive Brokers Group were worth $6,449,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in shares of 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 buying an additional 199,467 shares during the period. Thrive Wealth Management LLC increased its holdings in Interactive Brokers Group by 243.8% in the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after acquiring an additional 6,163 shares during the last quarter. Quinn Opportunity Partners LLC raised its stake in Interactive Brokers Group by 158.0% in 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 acquiring an additional 190,452 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in 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 valued at $20,724,000 after acquiring an additional 288,055 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Interactive Brokers Group by 290.7% during the second quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock valued at $310,435,000 after purchasing an additional 4,168,530 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $65.78, for a total value of $1,122,075.24. Following the transaction, the chief financial officer directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence E. Harris sold 10,645 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the sale, the director directly owned 198,704 shares in the company, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 604,529 shares of company stock valued at $38,685,351 in the last 90 days. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Trading Down 2.9%

Interactive Brokers Group stock opened at $64.15 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The firm has a market capitalization of $108.81 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.01 and a beta of 1.26. The firm’s 50 day simple moving average is $67.29 and its 200 day simple moving average is $62.67.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results 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. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business earned $1.61 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, December 1st were paid a $0.08 dividend. 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 dividend payout ratio is currently 15.38%.

Analyst Ratings Changes

IBKR has been the subject of several recent research reports. Barclays reiterated an “overweight” rating and issued a $81.00 target price (up previously from $80.00) on shares of Interactive Brokers Group in a research note on Friday. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $72.19.

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.