Hudson Way Capital Management LLC Has $37.91 Million Position in Interactive Brokers Group, Inc. $IBKR

Hudson Way Capital Management LLC increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 397.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 684,074 shares of the financial services provider’s stock after purchasing an additional 546,429 shares during the period. Interactive Brokers Group makes up 3.4% of Hudson Way Capital Management LLC’s portfolio, making the stock its 12th biggest position. Hudson Way Capital Management LLC’s holdings in Interactive Brokers Group were worth $37,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Interactive Brokers Group by 486.3% in the 1st quarter. Quarry LP now owns 299 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 248 shares during the period. ORG Partners LLC lifted its position in shares of Interactive Brokers Group by 312.9% during the 2nd 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 boosted its stake 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 buying an additional 176 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in 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 valued at $31,000 after buying an additional 423 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in Interactive Brokers Group in the second quarter valued at $32,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 2.9%

Shares of NASDAQ IBKR opened at $64.15 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35. The firm’s 50-day simple moving average is $67.29 and its 200 day simple moving average is $62.67. The company has a market cap of $108.81 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 2.01 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 for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the company posted $1.61 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 1st. Interactive Brokers Group’s payout ratio is 15.38%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. This trade represents a 42.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence E. Harris sold 22,000 shares of Interactive Brokers Group stock in a transaction on 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 completion of the sale, the director directly owned 231,704 shares of the company’s stock, valued at $15,670,141.52. This trade represents a 8.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 604,529 shares of company stock worth $38,685,351. Company insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IBKR shares. BMO Capital Markets lifted their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Barclays reiterated an “overweight” rating and set a $81.00 target price (up previously from $80.00) on shares of Interactive Brokers Group in a research report on Friday. CICC Research initiated coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They set 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 stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday. One research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

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.