Ibex Wealth Advisors Purchases 5,251 Shares of Interactive Brokers Group, Inc. $IBKR

Ibex Wealth Advisors raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 159,743 shares of the financial services provider’s stock after buying an additional 5,251 shares during the quarter. Interactive Brokers Group comprises about 1.0% of Ibex Wealth Advisors’ portfolio, making the stock its 28th largest holding. Ibex Wealth Advisors’ holdings in Interactive Brokers Group were worth $10,714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBKR. HM Payson & Co. lifted its holdings in shares of Interactive Brokers Group by 5.8% during the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 133 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in Interactive Brokers Group by 1.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 143 shares during the last quarter. S&CO Inc. raised its position in Interactive Brokers Group by 0.3% during the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after purchasing an additional 160 shares in the last quarter. Thrive Wealth Management LLC raised its position in Interactive Brokers Group by 1.8% during the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 162 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Interactive Brokers Group by 2.0% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 165 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IBKR shares. BMO Capital Markets boosted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday, May 1st. Barclays lifted their target price on Interactive Brokers Group from $93.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group lowered their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Wolfe Research began coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus price target of $90.25.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $95.28 on Friday. Interactive Brokers Group, Inc. has a one year low of $57.62 and a one year high of $97.84. The company has a market cap of $161.63 billion, a PE ratio of 41.07, a P/E/G ratio of 2.58 and a beta of 1.33. The firm’s 50 day simple moving average is $88.08 and its 200 day simple moving average is $77.39.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the business earned $1.94 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a $0.0875 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 15.09%.

Interactive Brokers Group Company 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.