Interactive Brokers Group (NASDAQ:IBKR) Stock Sees Heavy Put Option Buying

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of unusually large options trading activity on Monday. Investors purchased 7,464 put options on the company. This represents an increase of approximately 21% compared to the average volume of 6,152 put options.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. grew its position in Interactive Brokers Group by 156.0% in the 1st quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider’s stock valued at $263,097,000 after buying an additional 2,390,247 shares in the last quarter. Amundi raised its position in shares of Interactive Brokers Group by 62.4% during the 1st quarter. Amundi now owns 2,433,236 shares of the financial services provider’s stock worth $163,197,000 after buying an additional 934,843 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth about $210,639,000. Progeny 3 Inc. raised its position in shares of Interactive Brokers Group by 3.1% during the 1st quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock worth $147,262,000 after buying an additional 65,880 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Interactive Brokers Group by 0.4% in the 1st quarter. KBC Group NV now owns 2,115,438 shares of the financial services provider’s stock worth $141,883,000 after acquiring an additional 8,844 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company began coverage on shares of Interactive Brokers Group in a research note on Friday, October 2nd. They issued an “overweight” rating and a $102.00 target price for the company. Piper Sandler set a $109.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. CICC Research increased their price target on Interactive Brokers Group from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Barclays set a $117.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday. Finally, Capital One Financial set a $105.00 price objective on Interactive Brokers Group in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.12.

Interactive Brokers Group Trading Down 1.0%

Shares of IBKR traded down $0.81 during mid-day trading on Monday, reaching $81.88. The company had a trading volume of 2,016,999 shares, compared to its average volume of 4,680,868. Interactive Brokers Group has a fifty-two week low of $58.95 and a fifty-two week high of $98.75. The firm has a fifty day simple moving average of $90.32 and a 200-day simple moving average of $87.29. The stock has a market cap of $139.32 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. As a group, equities analysts predict that Interactive Brokers Group will post 2.70 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be given a dividend of $0.15 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. Interactive Brokers Group’s dividend payout ratio is currently 23.08%.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.