Ibex Wealth Advisors Purchases 8,139 Shares of Interactive Brokers Group, Inc. $IBKR

Ibex Wealth Advisors increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,492 shares of the financial services provider’s stock after acquiring an additional 8,139 shares during the quarter. Interactive Brokers Group comprises approximately 1.0% of Ibex Wealth Advisors’ holdings, making the stock its 28th largest holding. Ibex Wealth Advisors’ holdings in Interactive Brokers Group were worth $9,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Wisconsin Investment Board increased its position in Interactive Brokers Group by 12.0% during the fourth quarter. State of Wisconsin Investment Board now owns 268,380 shares of the financial services provider’s stock worth $17,260,000 after acquiring an additional 28,677 shares during the period. Captrust Financial Advisors increased its position in Interactive Brokers Group by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 29,169 shares of the financial services provider’s stock worth $1,876,000 after acquiring an additional 831 shares during the period. Siemens Fonds Invest GmbH increased its position in Interactive Brokers Group by 21.1% during the fourth quarter. Siemens Fonds Invest GmbH now owns 7,239 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 1,263 shares during the period. Mangrove Partners IM LLC bought a new position in Interactive Brokers Group during the fourth quarter worth $987,000. Finally, Titan Wealth CI Ltd bought a new position in Interactive Brokers Group during the fourth quarter worth $7,168,000. Institutional investors own 23.80% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction 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 sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is owned by corporate insiders.

Interactive Brokers Group Price Performance

IBKR opened at $93.10 on Wednesday. Interactive Brokers Group, Inc. has a fifty-two week low of $49.30 and a fifty-two week high of $94.73. The firm’s fifty day moving average price is $82.22 and its two-hundred day moving average price is $73.95. The company has a market capitalization of $157.93 billion, a P/E ratio of 40.13, a P/E/G ratio of 2.56 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping 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 firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a dividend of $0.0875 per share. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.09%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IBKR. Barclays boosted their target price on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price on the stock. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. Finally, BMO Capital Markets lifted their price target on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $85.22.

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.