Ibex Wealth Advisors Acquires 107,063 Shares of Interactive Brokers Group, Inc. $IBKR

Ibex Wealth Advisors raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 309.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 141,706 shares of the financial services provider’s stock after acquiring an additional 107,063 shares during the period. Ibex Wealth Advisors’ holdings in Interactive Brokers Group were worth $7,852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of IBKR. Cantillon Capital Management LLC grew its stake in shares of Interactive Brokers Group by 288.7% in the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after acquiring an additional 9,509,805 shares during the last quarter. Vanguard Group Inc. raised its stake in Interactive Brokers Group by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock valued at $1,714,108,000 after purchasing an additional 280,004 shares during the last quarter. Waverton Investment Management Ltd boosted its holdings in Interactive Brokers Group by 2,148.3% in the 2nd quarter. Waverton Investment Management Ltd now owns 4,441,243 shares of the financial services provider’s stock valued at $246,089,000 after purchasing an additional 4,243,702 shares during the period. Bank of New York Mellon Corp grew its position in Interactive Brokers Group by 265.2% in 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 last quarter. Finally, AGF Management Ltd. grew its position in Interactive Brokers Group by 269.7% in the 2nd quarter. AGF Management Ltd. now owns 2,064,368 shares of the financial services provider’s stock worth $114,387,000 after purchasing an additional 1,505,991 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $70.54 on Monday. The stock has a market capitalization of $119.65 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The stock has a fifty day moving average of $67.01 and a 200-day moving average of $59.78.

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

Interactive Brokers Group Announces Dividend

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

Wall Street Analyst Weigh In

IBKR has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Barclays set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Finally, CICC Research initiated coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction dated 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 sale, the chief financial officer 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 document filed with the SEC, which is available through the SEC website. Also, Director Jill Bright purchased 400 shares of Interactive Brokers Group stock in a transaction on Thursday, October 23rd. The shares were purchased at an average cost of $65.95 per share, with a total value of $26,380.00. Following the transaction, the director owned 10,304 shares in the company, valued at approximately $679,548.80. The trade was a 4.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 1,220,797 shares of company stock valued at $78,337,744 over the last 90 days. 2.97% of the stock is owned by company 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.