First Trust Advisors LP Has $83.38 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

First Trust Advisors LP lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 307.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,504,814 shares of the financial services provider’s stock after buying an additional 1,135,535 shares during the period. First Trust Advisors LP owned about 0.09% of Interactive Brokers Group worth $83,382,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock worth $2,316,715,000 after acquiring an additional 31,458,885 shares in the last quarter. Cantillon Capital Management LLC boosted its stake in shares of Interactive Brokers Group by 288.7% in the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after purchasing an additional 9,509,805 shares in the last quarter. Greenwich Wealth Management LLC boosted its stake in shares of Interactive Brokers Group by 301.6% in the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock valued at $602,004,000 after purchasing an additional 8,159,175 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Interactive Brokers Group by 227.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after purchasing an additional 7,051,682 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter worth about $284,703,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright purchased 400 shares of the stock in a transaction dated Thursday, October 23rd. The stock was bought at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the transaction, the director directly 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the transaction, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. This represents a 37.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,026,711 shares of company stock worth $65,238,880 over the last three months. 2.97% of the stock is currently owned by company insiders.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $64.50 on Friday. The firm has a 50 day simple moving average of $67.68 and a 200 day simple moving average of $62.26. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The firm has a market cap of $109.40 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.97 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 EPS. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. CICC Research started coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. BMO Capital Markets increased their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. Finally, The Goldman Sachs Group reissued 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 assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.