Bartlett & CO. Wealth Management LLC Has $443,000 Stock Position in Interactive Brokers Group, Inc. $IBKR

Bartlett & CO. Wealth Management LLC increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the financial services provider’s stock after acquiring an additional 6,000 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Interactive Brokers Group were worth $443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after purchasing an additional 199,467 shares during the period. Thrive Wealth Management LLC lifted its position in Interactive Brokers Group by 243.8% in the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after buying an additional 6,163 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Interactive Brokers Group by 1,093.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock valued at $409,000 after buying an additional 6,760 shares during the period. Inspire Investing LLC grew its holdings in shares of Interactive Brokers Group by 19.5% during the 1st quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider’s stock valued at $7,839,000 after acquiring an additional 7,734 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Swedbank AB now owns 34,080 shares of the financial services provider’s stock valued at $1,888,000 after acquiring an additional 25,560 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The stock was 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 directly owned 28,289 shares in the company, valued at $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 1,205,683 shares of company stock valued at $77,217,965. Company insiders own 2.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on IBKR shares. Barclays increased their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Piper Sandler raised their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, Citigroup increased their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Interactive Brokers Group Trading Up 3.2%

NASDAQ:IBKR opened at $70.95 on Friday. The firm has a market capitalization of $120.34 billion, a PE ratio of 36.48, a PEG ratio of 2.80 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $71.63. The firm’s fifty day simple moving average is $64.24 and its 200 day simple moving average is $54.37.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 earnings per share. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 16.49%.

Interactive Brokers Group Company 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.