Putney Financial Group LLC Buys 6,233 Shares of Interactive Brokers Group, Inc. $IBKR

Putney Financial Group LLC boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 282.4% in the 2nd quarter, Holdings Channel reports. The firm owned 8,440 shares of the financial services provider’s stock after acquiring an additional 6,233 shares during the quarter. Putney Financial Group LLC’s holdings in Interactive Brokers Group were worth $468,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in Interactive Brokers Group by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after buying an additional 199,467 shares in the last quarter. Thrive Wealth Management LLC raised its position in Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 6,163 shares in the last quarter. TD Asset Management Inc lifted its stake in Interactive Brokers Group by 312.8% during the second quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock worth $5,798,000 after purchasing an additional 79,294 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 1,093.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 6,760 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Interactive Brokers Group by 237.8% in the 2nd quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock worth $11,230,000 after purchasing an additional 142,662 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 6,855 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $69.15, for a total value of $474,023.25. Following the completion of the sale, the director owned 209,349 shares in the company, valued at approximately $14,476,483.35. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jill Bright acquired 400 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was acquired at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the completion of 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 position. The SEC filing for this purchase provides additional information. Insiders have sold 1,210,152 shares of company stock valued at $77,603,239 over the last ninety days. 2.97% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, CICC Research began coverage on shares of Interactive Brokers Group in a research note on Monday. They issued an “outperform” rating and a $78.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $68.51 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The company’s 50 day moving average price is $65.99 and its 200-day moving average price is $58.24. The stock has a market capitalization of $116.20 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is currently 15.38%.

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.