Wealth Enhancement Advisory Services LLC Has $3.55 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Wealth Enhancement Advisory Services LLC decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 82.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,177 shares of the financial services provider’s stock after selling 239,126 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Interactive Brokers Group were worth $3,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Huntington National Bank raised its holdings in 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 buying an additional 176 shares during the last quarter. Pullen Investment Management LLC increased its position in shares of Interactive Brokers Group by 1.0% during the third quarter. Pullen Investment Management LLC now owns 19,748 shares of the financial services provider’s stock worth $1,359,000 after acquiring an additional 200 shares in the last quarter. World Investment Advisors increased its position in shares of Interactive Brokers Group by 3.0% during the third quarter. World Investment Advisors now owns 6,852 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 202 shares in the last quarter. PUREfi Wealth LLC lifted its position in Interactive Brokers Group by 4.7% in the 3rd quarter. PUREfi Wealth LLC now owns 4,554 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 206 shares in the last quarter. Finally, CWM LLC increased its holdings in Interactive Brokers Group by 5.3% during the 3rd quarter. CWM LLC now owns 4,567 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 229 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBKR has been the topic of several analyst reports. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. BMO Capital Markets raised their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. CICC Research initiated coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $76.39.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider owned 155,000 shares of the company’s stock, valued at $12,066,750. This represents a 48.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $75.51 on Wednesday. The company has a market capitalization of $128.07 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. The company’s 50-day moving average is $67.41 and its 200 day moving average is $66.30. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $78.80.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

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.