WBI Investments LLC Raises Stock Holdings in Interactive Brokers Group, Inc. $IBKR

WBI Investments LLC increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 122.3% during the 2nd quarter, Holdings Channel reports. The firm owned 42,245 shares of the financial services provider’s stock after purchasing an additional 23,245 shares during the quarter. WBI Investments LLC’s holdings in Interactive Brokers Group were worth $2,341,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Interactive Brokers Group during the 1st quarter valued at $26,000. ORG Partners LLC increased its stake in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 363 shares during the last quarter. Huntington National Bank raised its position in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in Interactive Brokers Group by 300.0% during the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 423 shares during the last quarter. Finally, Private Wealth Asset Management LLC lifted its stake in Interactive Brokers Group by 300.0% during the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 4.0%

NASDAQ:IBKR opened at $63.41 on Tuesday. The company has a 50-day moving average price of $67.72 and a 200-day moving average price of $60.87. The stock has a market cap of $107.55 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35.

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

Interactive Brokers Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on IBKR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. CICC Research began coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective for the company. Finally, Barclays set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Insider Buying and Selling

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction on Thursday, September 18th. The stock was 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 approximately $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence E. Harris sold 22,000 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total value of $1,487,860.00. Following the transaction, the director directly owned 231,704 shares of the company’s stock, valued at $15,670,141.52. This represents a 8.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,026,711 shares of company stock valued at $65,238,880. 2.97% of the stock is currently owned by company insiders.

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.