Hosking Partners LLP Raises Holdings in Interactive Brokers Group, Inc. $IBKR

Hosking Partners LLP grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,191,410 shares of the financial services provider’s stock after purchasing an additional 21,963 shares during the quarter. Interactive Brokers Group makes up 3.0% of Hosking Partners LLP’s portfolio, making the stock its 7th largest holding. Hosking Partners LLP owned about 0.07% of Interactive Brokers Group worth $81,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. ORG Partners LLC increased its position in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after buying an additional 363 shares during the period. Huntington National Bank grew its position in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 423 shares during the period. Private Wealth Asset Management LLC increased its stake 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 valued at $32,000 after purchasing an additional 435 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $32,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $71.34 on Thursday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The firm’s 50 day moving average price is $66.26 and its two-hundred day moving average price is $64.51. The stock has a market cap of $121.00 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.06 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last issued its 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 return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were paid a dividend of $0.08 per share. The ex-dividend date was Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 15.38%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright acquired 400 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, October 23rd. The stock was acquired at an average price of $65.95 per share, with a total value of $26,380.00. Following the purchase, the director owned 10,304 shares in the company, valued at approximately $679,548.80. This trade represents a 4.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence E. Harris sold 22,000 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total value of $1,487,860.00. Following the transaction, the director directly owned 231,704 shares in the company, valued at approximately $15,670,141.52. This represents a 8.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 55,000 shares of company stock worth $3,767,363 in the last 90 days. 2.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IBKR. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Barclays set a $82.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Thursday. 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. Finally, CICC Research began coverage on Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.31.

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.