TimesSquare Capital Management LLC Buys 50,035 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

TimesSquare Capital Management LLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.6% in the 4th quarter, HoldingsChannel reports. The firm owned 808,806 shares of the financial services provider’s stock after purchasing an additional 50,035 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Interactive Brokers Group were worth $67,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBKR. Everpar Advisors LLC acquired a new position in Interactive Brokers Group during the 4th quarter worth $548,000. Charles Schwab Investment Management Inc. increased its position in Interactive Brokers Group by 16.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 840,852 shares of the financial services provider’s stock worth $69,707,000 after purchasing an additional 116,890 shares during the period. Private Advisor Group LLC bought a new stake in Interactive Brokers Group during the 4th quarter worth about $223,000. National Bank of Canada FI lifted its position in Interactive Brokers Group by 176.5% during the 4th quarter. National Bank of Canada FI now owns 45,276 shares of the financial services provider’s stock valued at $3,834,000 after purchasing an additional 28,903 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its stake in shares of Interactive Brokers Group by 3.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 31,672 shares of the financial services provider’s stock valued at $2,626,000 after purchasing an additional 992 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.53, for a total value of $1,035,300.00. Following the completion of the sale, the insider now owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the transaction, the insider now directly owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total value of $1,035,300.00. Following the sale, the insider now directly owns 123,770 shares of the company’s stock, valued at approximately $12,813,908.10. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock worth $6,613,100 in the last three months. Insiders own 3.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IBKR. Citigroup increased their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Bank of America lifted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Piper Sandler increased their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Barclays upped their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $124.00.

Interactive Brokers Group Price Performance

Shares of IBKR traded down $0.59 during midday trading on Thursday, hitting $119.13. The stock had a trading volume of 840,262 shares, compared to its average volume of 1,152,529. The firm has a market cap of $50.16 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.22 and a beta of 0.81. The company has a 50 day simple moving average of $112.13 and a two-hundred day simple moving average of $95.78. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $122.88.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. Analysts forecast that Interactive Brokers Group, Inc. will post 6.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a yield of 0.84%. Interactive Brokers Group’s payout ratio is 17.09%.

Interactive Brokers Group 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.