Interactive Brokers Group, Inc. $IBKR Holdings Raised by Prudential Financial Inc.

Prudential Financial Inc. increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 368.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,996 shares of the financial services provider’s stock after purchasing an additional 44,835 shares during the quarter. Prudential Financial Inc.’s holdings in Interactive Brokers Group were worth $3,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of IBKR. Compound Planning Inc. increased its position in shares of Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after acquiring an additional 62 shares in the last quarter. USS Investment Management Ltd boosted its stake in Interactive Brokers Group by 0.4% in the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after purchasing an additional 76 shares during the period. Measured Wealth Private Client Group LLC grew its position in Interactive Brokers Group by 4.4% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 3,012 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 127 shares in the last quarter. Summit Financial LLC raised its stake in Interactive Brokers Group by 9.0% during the 1st quarter. Summit Financial LLC now owns 1,585 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 131 shares during the period. Finally, Smithfield Trust Co lifted its holdings in shares of Interactive Brokers Group by 78.5% in the first quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 150 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total transaction of $734,505.00. Following the transaction, the director owned 198,704 shares of the company’s stock, valued at approximately $13,710,576. This represents a 5.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jill Bright bought 400 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, October 23rd. The stock was bought at an average price of $65.95 per share, with a total value of $26,380.00. Following the completion of the acquisition, the director owned 10,304 shares in the company, valued at approximately $679,548.80. The trade was a 4.04% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 1,026,711 shares of company stock valued at $65,238,880. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $63.59 on Wednesday. The firm has a market cap of $107.86 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 2.16 and a beta of 1.26. The stock has a 50-day simple moving average of $67.68 and a 200-day simple moving average of $62.06. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35.

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

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.38%.

Analysts Set New Price Targets

IBKR has been the topic of a number of research analyst reports. Barclays set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. CICC Research began coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, BMO Capital Markets upped their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price 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.