Precision Wealth Strategies LLC Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Precision Wealth Strategies LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,606 shares of the financial services provider’s stock, valued at approximately $799,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. ORG Partners LLC grew its holdings in Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 363 shares during the period. Huntington National Bank grew its stake in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares during the period. Contravisory Investment Management Inc. increased its holdings in Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 423 shares during the last quarter. Private Wealth Asset Management LLC lifted its stake in Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after buying an additional 435 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new position in Interactive Brokers Group during the second quarter worth about $32,000. 23.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 22,000 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the sale, the director directly owned 231,704 shares of the company’s stock, valued at $15,670,141.52. The trade was a 8.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jill Bright bought 400 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was bought at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the transaction, the director owned 10,304 shares of the company’s stock, valued at $679,548.80. The trade was a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 55,000 shares of company stock valued at $3,767,363 in the last 90 days. 2.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a research note on Friday, October 17th. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. BMO Capital Markets boosted their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday. Finally, Barclays reissued an “overweight” rating and issued a $81.00 target price (up from $80.00) on shares of Interactive Brokers Group in a research note on Friday, December 12th. One 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.19.

Interactive Brokers Group Price Performance

IBKR opened at $65.84 on Friday. The company has a market capitalization of $111.67 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 2.01 and a beta of 1.26. The business’s 50-day moving average price is $66.25 and its two-hundred day moving average price is $63.43. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35.

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

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Interactive Brokers Group’s payout ratio is currently 15.38%.

Interactive Brokers Group Company Profile

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.