Ibex Wealth Advisors Has $9.94 Million Position in Interactive Brokers Group, Inc. $IBKR

Ibex Wealth Advisors increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 154,492 shares of the financial services provider’s stock after purchasing an additional 8,139 shares during the quarter. Interactive Brokers Group makes up approximately 1.0% of Ibex Wealth Advisors’ portfolio, making the stock its 28th largest position. Ibex Wealth Advisors’ holdings in Interactive Brokers Group were worth $9,935,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in IBKR. Citigroup Inc. grew its stake in shares of Interactive Brokers Group by 61.8% in the 3rd quarter. Citigroup Inc. now owns 2,432,598 shares of the financial services provider’s stock valued at $167,387,000 after buying an additional 928,978 shares in the last quarter. Crocodile Capital Partners GmbH acquired a new position in Interactive Brokers Group in the fourth quarter worth approximately $12,041,000. Fifth Third Bancorp increased its holdings in Interactive Brokers Group by 12.9% in the third quarter. Fifth Third Bancorp now owns 163,007 shares of the financial services provider’s stock worth $11,217,000 after buying an additional 18,574 shares during the last quarter. New Millennium Group LLC raised its position in Interactive Brokers Group by 3,128.5% during the third quarter. New Millennium Group LLC now owns 88,462 shares of the financial services provider’s stock valued at $6,087,000 after acquiring an additional 85,722 shares in the last quarter. Finally, Covenant Asset Management LLC bought a new position in Interactive Brokers Group during the fourth quarter valued at approximately $3,028,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IBKR. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research report on Friday, May 1st. Piper Sandler increased their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target on the stock. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Jefferies Financial Group dropped their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.22.

Interactive Brokers Group Stock Up 0.4%

Shares of IBKR opened at $93.10 on Wednesday. The company’s fifty day moving average is $82.22 and its 200-day moving average is $73.95. Interactive Brokers Group, Inc. has a 12 month low of $49.30 and a 12 month high of $94.73. The firm has a market cap of $157.93 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 2.56 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal 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 a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. Interactive Brokers Group’s payout ratio is 15.09%.

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.