4,161 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, Holdings Channel reports. The fund bought 4,161 shares of the financial services provider’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Joel Isaacson & Co. LLC grew its stake in Interactive Brokers Group by 300.6% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 9,935 shares of the financial services provider’s stock worth $550,000 after buying an additional 7,455 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in Interactive Brokers Group by 307.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 148,800 shares of the financial services provider’s stock worth $8,245,000 after buying an additional 112,300 shares in the last quarter. Ameliora Wealth Management Ltd. grew its stake in Interactive Brokers Group by 531.4% in the 2nd quarter. Ameliora Wealth Management Ltd. now owns 4,824 shares of the financial services provider’s stock worth $267,000 after buying an additional 4,060 shares in the last quarter. Meitav Investment House Ltd. purchased a new position in Interactive Brokers Group in the 2nd quarter worth approximately $266,000. Finally, SteelPeak Wealth LLC grew its stake in Interactive Brokers Group by 258.8% in the 2nd quarter. SteelPeak Wealth LLC now owns 33,361 shares of the financial services provider’s stock worth $1,849,000 after buying an additional 24,064 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 28,289 shares in the company, valued at $1,860,850.42. This represents a 37.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 1,205,683 shares of company stock worth $77,217,965. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $69.01 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The stock has a market capitalization of $117.05 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.83 and a beta of 1.22. The company has a fifty day moving average of $64.87 and a 200-day moving average of $55.55.

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

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio is currently 16.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IBKR shares. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Interactive Brokers Group in a research note on Saturday, September 27th. Citigroup boosted their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $81.00 price objective (up previously from $73.00) on shares of Interactive Brokers Group in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $65.47.

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.