Anderson Hoagland & Co. Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Anderson Hoagland & Co. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, HoldingsChannel reports. The firm bought 43,456 shares of the financial services provider’s stock, valued at approximately $2,990,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Interactive Brokers Group by 303.9% in the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after buying an additional 31,458,885 shares during the last quarter. State Street Corp raised its position in shares of Interactive Brokers Group by 301.3% during the 2nd quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after acquiring an additional 11,360,260 shares in the last quarter. Cantillon Capital Management LLC lifted its stake in Interactive Brokers Group by 288.7% during the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after purchasing an additional 9,509,805 shares during the last quarter. Greenwich Wealth Management LLC lifted its stake in Interactive Brokers Group by 301.6% during the second quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after purchasing an additional 8,159,175 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Interactive Brokers Group by 227.7% in the second quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after purchasing an additional 7,051,682 shares during the period. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. CICC Research assumed coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. BMO Capital Markets raised their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday. Finally, Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.19.

Interactive Brokers Group Price Performance

IBKR opened at $65.96 on Wednesday. The stock’s 50 day moving average price is $66.38 and its 200 day moving average price is $63.40. The stock has a market cap of $111.88 billion, a P/E ratio of 31.67, a P/E/G ratio of 2.00 and a beta of 1.26. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lawrence E. Harris sold 10,645 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the transaction, the director directly owned 198,704 shares in the company, valued at approximately $13,710,576. The trade was a 5.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 86,354 shares of company stock valued at $5,815,962 over the last 90 days. 2.97% of the stock is currently owned by company insiders.

Interactive Brokers Group Company Profile

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.