Shelton Capital Management Acquires 12,140 Shares of Interactive Brokers Group, Inc. $IBKR

Shelton Capital Management raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 295.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,251 shares of the financial services provider’s stock after purchasing an additional 12,140 shares during the quarter. Shelton Capital Management’s holdings in Interactive Brokers Group were worth $900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. bought a new position in shares of Interactive Brokers Group in the first quarter valued at about $33,000. Quarry LP boosted its holdings in shares of Interactive Brokers Group by 486.3% during the 1st quarter. Quarry LP now owns 299 shares of the financial services provider’s stock worth $50,000 after buying an additional 248 shares during the period. Smithfield Trust Co grew its stake in Interactive Brokers Group by 78.5% in the 1st quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock valued at $57,000 after buying an additional 150 shares during the last quarter. ORG Partners LLC raised its holdings in Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 363 shares during the period. Finally, Huntington National Bank raised its holdings in Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 176 shares during the period. 23.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the sale, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. The trade was a 42.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lawrence E. Harris sold 22,000 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total value of $1,487,860.00. Following the completion of the transaction, the director directly owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. The trade was a 8.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,026,711 shares of company stock valued at $65,238,880 over the last quarter. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Trading Up 0.1%

IBKR opened at $63.59 on Wednesday. The company has a market cap of $107.86 billion, a P/E ratio of 30.54, a PEG ratio of 2.16 and a beta of 1.26. The company’s 50 day moving average is $67.68 and its 200-day moving average is $62.06. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 EPS. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. CICC Research initiated coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. Finally, Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.08.

About Interactive Brokers Group

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.