Empowered Funds LLC Purchases 1,156 Shares of Interactive Brokers Group, Inc. $IBKR

Empowered Funds LLC increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 39,131 shares of the financial services provider’s stock after acquiring an additional 1,156 shares during the quarter. Empowered Funds LLC’s holdings in Interactive Brokers Group were worth $6,480,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IBKR. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group during the first quarter worth about $26,000. City Holding Co. bought a new position in Interactive Brokers Group in the 1st quarter worth approximately $33,000. Nvwm LLC purchased a new position in Interactive Brokers Group in the 1st quarter valued at approximately $33,000. ASR Vermogensbeheer N.V. bought a new stake in Interactive Brokers Group during the 1st quarter valued at $33,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Interactive Brokers Group during the first quarter worth $43,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IBKR shares. Citigroup lifted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research report on Monday, July 7th. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Barclays boosted their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

Interactive Brokers Group Trading Up 0.5%

IBKR stock opened at $62.51 on Thursday. The company’s 50 day moving average is $62.51 and its 200 day moving average is $52.36. The stock has a market cap of $106.03 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23. Interactive Brokers Group, Inc. has a 1-year low of $30.01 and a 1-year high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the company earned $1.76 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 16.49%.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider owned 461,500 shares in the company, valued at approximately $31,146,635. This trade represents a 29.60% 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 hyperlink. Over the last 90 days, insiders sold 233,972 shares of company stock valued at $15,746,449. 2.97% of the stock is owned by 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.