Leo Wealth LLC Invests $345,000 in Interactive Brokers Group, Inc. $IBKR

Leo Wealth LLC purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,220 shares of the financial services provider’s stock, valued at approximately $345,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Interactive Brokers Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock worth $1,714,108,000 after purchasing an additional 280,004 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Interactive Brokers Group by 1,476.3% in the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after purchasing an additional 1,343,007 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Interactive Brokers Group by 13.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider’s stock worth $203,710,000 after acquiring an additional 145,870 shares during the last quarter. Invesco Ltd. raised its holdings in Interactive Brokers Group by 45.6% in the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock worth $184,668,000 after acquiring an additional 349,255 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Interactive Brokers Group by 8.7% in the 1st quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider’s stock worth $157,770,000 after acquiring an additional 76,283 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on IBKR shares. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Barclays restated an “overweight” rating and issued a $81.00 price objective (up from $73.00) on shares of Interactive Brokers Group in a report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. Finally, Citigroup boosted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.47.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $69.01 on Friday. The firm has a market capitalization of $117.05 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The business has a fifty day moving average price of $64.87 and a 200-day moving average price of $55.47.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.Interactive Brokers Group’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 EPS. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio is 16.49%.

Insider Activity at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 28,289 shares in the company, valued at $1,860,850.42. This represents a 37.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders sold 1,205,683 shares of company stock valued at $77,217,965. Corporate insiders own 2.97% of the company’s stock.

About Interactive Brokers Group

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.