Delta Investment Management LLC Purchases 10,471 Shares of Interactive Brokers Group, Inc. $IBKR

Delta Investment Management LLC raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 256.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,556 shares of the financial services provider’s stock after purchasing an additional 10,471 shares during the quarter. Delta Investment Management LLC’s holdings in Interactive Brokers Group were worth $807,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Compound Planning Inc. increased its stake in shares of Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock valued at $958,000 after buying an additional 62 shares during the period. CWM LLC increased its stake in shares of Interactive Brokers Group by 6.6% in the first quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after buying an additional 66 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Interactive Brokers Group by 0.8% in the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock valued at $1,410,000 after buying an additional 70 shares during the period. USS Investment Management Ltd increased its stake in shares of Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock valued at $3,339,000 after buying an additional 76 shares during the period. Finally, Joel Isaacson & Co. LLC increased its stake in shares of Interactive Brokers Group by 3.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider’s stock valued at $411,000 after buying an additional 79 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the 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 completion of the transaction, the insider owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,205,583 shares of company stock worth $77,211,375. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $68.75 on Monday. The business has a 50 day simple moving average of $65.49 and a 200 day simple moving average of $57.60. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The stock has a market capitalization of $116.61 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.14 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.08. The business 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 company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 earnings per share. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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 issued a $0.08 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IBKR. Barclays set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. Citigroup raised their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Finally, Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $71.34.

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.