Cim LLC Buys 28,518 Shares of Interactive Brokers Group, Inc. $IBKR

Cim LLC grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 330.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,152 shares of the financial services provider’s stock after buying an additional 28,518 shares during the period. Cim LLC’s holdings in Interactive Brokers Group were worth $2,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBKR. ORG Partners LLC increased its holdings in Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 363 shares during the period. Huntington National Bank boosted its holdings in Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares during the period. Contravisory Investment Management Inc. grew its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 423 shares in the last quarter. Private Wealth Asset Management LLC increased its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 435 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Interactive Brokers Group in the second quarter worth $32,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the firm’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 owned 28,289 shares in the company, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence E. Harris sold 10,645 shares of the company’s stock in a transaction 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 sale, the director owned 198,704 shares of the company’s stock, 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 sold 604,529 shares of company stock worth $38,685,351 in the last ninety days. 2.97% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IBKR shares. Barclays reissued an “overweight” rating and set a $81.00 price objective (up previously from $80.00) on shares of Interactive Brokers Group in a research note on Friday. CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 8th. Finally, Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One investment 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 stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

Interactive Brokers Group Stock Performance

IBKR stock opened at $64.15 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The firm’s fifty day moving average is $67.29 and its 200 day moving average is $62.74. The firm has a market cap of $108.81 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.95 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Interactive Brokers Group’s payout ratio is 15.38%.

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.