Pacific Excel Wealth Advisors Inc. Makes New $565,000 Investment in Interactive Brokers Group, Inc. $IBKR

Pacific Excel Wealth Advisors Inc. acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,491 shares of the financial services provider’s stock, valued at approximately $565,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in Interactive Brokers Group during the fourth quarter valued at $26,000. IMA Advisory Services Inc. lifted its holdings in shares of Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares in the last quarter. Tobam bought a new position in Interactive Brokers Group during the 4th quarter valued at $30,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group during the fourth quarter worth about $31,000. Finally, SHP Wealth Management purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.0%

Shares of Interactive Brokers Group stock opened at $88.63 on Wednesday. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $97.84. The business has a fifty day simple moving average of $90.93 and a two-hundred day simple moving average of $80.39. The firm has a market capitalization of $150.35 billion, a P/E ratio of 35.45, a P/E/G ratio of 1.62 and a beta of 1.34.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be paid a $0.0875 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 14.00%.

Analyst Ratings Changes

IBKR has been the topic of several research reports. BMO Capital Markets reissued an “outperform” rating and issued a $110.00 price target (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Wolfe Research assumed coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price for the company. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $96.89.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.