Interactive Brokers Group, Inc. $IBKR Shares Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 726.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,700 shares of the financial services provider’s stock after purchasing an additional 44,569 shares during the period. Arkadios Wealth Advisors’ holdings in Interactive Brokers Group were worth $2,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in IBKR. Mirae Asset Global Investments Co. Ltd. acquired a new position in Interactive Brokers Group in the first quarter valued at approximately $78,000. New York State Teachers Retirement System boosted its holdings in Interactive Brokers Group by 10.5% in the first quarter. New York State Teachers Retirement System now owns 77,387 shares of the financial services provider’s stock valued at $12,815,000 after purchasing an additional 7,360 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Interactive Brokers Group by 94.5% in the first quarter. Vontobel Holding Ltd. now owns 9,990 shares of the financial services provider’s stock valued at $1,654,000 after purchasing an additional 4,853 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Interactive Brokers Group by 28.7% during the 1st quarter. DAVENPORT & Co LLC now owns 7,537 shares of the financial services provider’s stock worth $1,248,000 after buying an additional 1,681 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Interactive Brokers Group by 174.0% during the 1st quarter. Private Trust Co. NA now owns 1,444 shares of the financial services provider’s stock worth $239,000 after buying an additional 917 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 1.0%

IBKR opened at $68.51 on Friday. The firm has a market cap of $116.20 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The business’s 50 day moving average is $65.99 and its two-hundred day moving average is $58.24.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s payout ratio is 15.38%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IBKR. CICC Research began coverage on shares of Interactive Brokers Group in a research report on Monday. They set an “outperform” rating and a $78.00 price objective for the company. Barclays set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Friday, October 17th. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $72.08.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,210,152 shares of company stock worth $77,603,239 over the last quarter. Company insiders own 2.97% of the company’s stock.

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.