Interactive Brokers Group, Inc. $IBKR Shares Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,188 shares of the financial services provider’s stock after acquiring an additional 5,624 shares during the quarter. Florida Financial Advisors LLC’s holdings in Interactive Brokers Group were worth $2,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $453,146,000. Orbis Allan Gray Ltd boosted its position in Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after acquiring an additional 6,246,715 shares during the last quarter. Bank of America Corp DE boosted its position in Interactive Brokers Group by 225.4% during the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock worth $420,834,000 after acquiring an additional 5,260,923 shares during the last quarter. State Street Corp grew its stake in Interactive Brokers Group by 23.2% in the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock worth $1,283,221,000 after acquiring an additional 3,517,729 shares during the period. Finally, Invesco Ltd. grew its stake in Interactive Brokers Group by 44.1% in the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after acquiring an additional 2,534,772 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $91.68 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $97.84. The firm has a market capitalization of $155.52 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.07 and a beta of 1.33. The business’s 50-day simple moving average is $89.57 and its 200-day simple moving average is $78.76.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company earned $1.94 EPS. The company’s revenue was up 17.0% on a year-over-year basis. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on IBKR shares. Keefe, Bruyette & Woods assumed coverage on 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. Jefferies Financial Group lowered their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. 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. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Barclays boosted their target price on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.89.

Insiders Place Their Bets

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

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.