5,116 Shares in Interactive Brokers Group, Inc. $IBKR Purchased by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,116 shares of the financial services provider’s stock, valued at approximately $283,000.

Several other hedge funds have also recently bought and sold shares of IBKR. Cantillon Capital Management LLC increased its holdings in Interactive Brokers Group by 288.7% during the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after purchasing an additional 9,509,805 shares during the period. Bank of New York Mellon Corp increased its holdings in Interactive Brokers Group by 265.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,233,651 shares of the financial services provider’s stock worth $179,177,000 after purchasing an additional 2,348,305 shares during the period. American Century Companies Inc. increased its holdings in Interactive Brokers Group by 1,476.3% during the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after purchasing an additional 1,343,007 shares during the period. Retirement Systems of Alabama increased its holdings in Interactive Brokers Group by 301.0% during the 2nd quarter. Retirement Systems of Alabama now owns 1,057,199 shares of the financial services provider’s stock worth $58,579,000 after purchasing an additional 793,553 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Interactive Brokers Group by 227.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,005,043 shares of the financial services provider’s stock worth $55,689,000 after purchasing an additional 697,782 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 3.3%

Shares of NASDAQ IBKR opened at $70.69 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The business has a 50-day moving average price of $66.50 and a 200 day moving average price of $59.12. The stock has a market cap of $119.90 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $1.61 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. CICC Research assumed coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. One equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Insiders Place Their Bets

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares of the company’s stock, valued at $1,860,850.42. This trade represents a 37.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence E. Harris sold 10,645 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the sale, the director directly owned 198,704 shares of the company’s stock, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,220,797 shares of company stock valued at $78,337,744. 2.97% of the stock is owned by company insiders.

About Interactive Brokers Group

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.