KLP Kapitalforvaltning AS Acquires 112,300 Shares of Interactive Brokers Group, Inc. $IBKR

KLP Kapitalforvaltning AS boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 307.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,800 shares of the financial services provider’s stock after purchasing an additional 112,300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Interactive Brokers Group were worth $8,245,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group during the 1st quarter valued at about $26,000. ORG Partners LLC grew 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 valued at $27,000 after purchasing an additional 363 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in 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 during the last quarter. Nvwm LLC bought a new position in Interactive Brokers Group during the 1st quarter valued at about $33,000. Finally, ASR Vermogensbeheer N.V. bought a new position in Interactive Brokers Group during the 1st quarter valued at about $33,000. 23.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the company’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 completion of the sale, the chief financial officer owned 28,289 shares of the company’s stock, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 1,205,683 shares of company stock valued at $77,217,965. 2.97% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a report on Monday, July 7th. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Interactive Brokers Group in a research note on Saturday, September 27th. BMO Capital Markets initiated coverage on shares of Interactive Brokers Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $82.00 target price on the stock. Finally, Piper Sandler upped their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.47.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $72.62 on Friday. The company has a market capitalization of $123.17 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.96 and a beta of 1.22. The company’s 50-day simple moving average is $64.76 and its two-hundred day simple moving average is $55.30. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $72.71.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. On average, research analysts expect 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, September 12th. Stockholders of record on Monday, September 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio is presently 16.49%.

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.