Ibex Wealth Advisors Has $10.71 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Ibex Wealth Advisors lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,743 shares of the financial services provider’s stock after acquiring an additional 5,251 shares during the period. Interactive Brokers Group makes up about 1.0% of Ibex Wealth Advisors’ investment portfolio, making the stock its 28th largest holding. Ibex Wealth Advisors’ holdings in Interactive Brokers Group were worth $10,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covenant Asset Management LLC acquired a new position in Interactive Brokers Group during the fourth quarter worth $3,028,000. Crocodile Capital Partners GmbH acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $12,041,000. OFI Invest Asset Management acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $22,356,000. Leonteq Securities AG acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $1,746,000. Finally, Successful Portfolios LLC bought a new stake in Interactive Brokers Group during the 4th quarter worth about $1,431,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on IBKR. Wolfe Research started coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They set an “outperform” rating and a $101.00 price objective for the company. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. BMO Capital Markets upped their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. China Renaissance started coverage on Interactive Brokers Group in a research report on Tuesday. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.25.

Interactive Brokers Group Price Performance

IBKR stock opened at $95.28 on Friday. The company has a fifty day moving average price of $88.08 and a two-hundred day moving average price of $77.39. Interactive Brokers Group, Inc. has a one year low of $57.62 and a one year high of $97.84. The stock has a market cap of $161.63 billion, a price-to-earnings ratio of 41.07, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.69 billion. During the same period in the prior year, the firm earned $1.94 EPS. The business’s revenue was up 17.0% on a year-over-year basis. Research analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

Interactive Brokers Group 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.