Interactive Brokers Group, Inc. $IBKR Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 265.2% in the 2nd quarter, Holdings Channel reports. The firm owned 3,233,651 shares of the financial services provider’s stock after purchasing an additional 2,348,305 shares during the quarter. Bank of New York Mellon Corp’s holdings in Interactive Brokers Group were worth $179,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in Interactive Brokers Group by 50.2% during the 1st 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 grew its stake in shares of 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 purchasing an additional 6,163 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Interactive Brokers Group by 312.8% in the 2nd quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock worth $5,798,000 after purchasing an additional 79,294 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Interactive Brokers Group by 1,093.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 6,760 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of Interactive Brokers Group by 237.8% in the 2nd quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock worth $11,230,000 after purchasing an additional 142,662 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Jill Bright acquired 400 shares of the company’s stock in a transaction on Thursday, October 23rd. The shares were purchased at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the purchase, the director owned 10,304 shares in the company, valued at $679,548.80. This represents a 4.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares of the company’s stock, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,220,797 shares of company stock worth $78,337,744. 2.97% of the stock is owned by company insiders.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $71.62 on Thursday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The company has a 50-day moving average of $66.70 and a two-hundred day moving average of $59.20. The stock has a market cap of $121.48 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.16 and a beta of 1.22.

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

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. CICC Research assumed coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Barclays set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. 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. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Company 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.