Wealth Enhancement Advisory Services LLC Has $3.55 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Wealth Enhancement Advisory Services LLC decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 82.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,177 shares of the financial services provider’s stock after selling 239,126 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Interactive Brokers Group were worth $3,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBKR. Quantum Portfolio Management LLC bought a new position in Interactive Brokers Group in the third quarter valued at about $809,000. Sequoia Financial Advisors LLC bought a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $249,000. Maryland State Retirement & Pension System raised its holdings in Interactive Brokers Group by 3.9% in the 3rd quarter. Maryland State Retirement & Pension System now owns 21,382 shares of the financial services provider’s stock valued at $1,471,000 after buying an additional 796 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Interactive Brokers Group by 18.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 7,666 shares of the financial services provider’s stock worth $527,000 after buying an additional 1,182 shares during the period. Finally, Csenge Advisory Group acquired a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $1,216,000. Institutional investors own 23.80% of the company’s stock.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider owned 155,000 shares in the company, valued at approximately $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $75.51 on Wednesday. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $78.80. The business’s 50-day moving average is $67.41 and its 200-day moving average is $66.30. The company has a market capitalization of $128.07 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 2.11 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. CICC Research started coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. BMO Capital Markets increased their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Barclays set a $83.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.39.

About Interactive Brokers Group

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.