Wipfli Financial Advisors LLC Makes New $28,000 Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wipfli Financial Advisors LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 441 shares of the financial services provider’s stock, valued at approximately $28,000.

A number of other large investors have also recently added to or reduced their stakes in IBKR. JPMorgan Chase & Co. boosted its stake in Interactive Brokers Group by 33.5% during the 1st quarter. JPMorgan Chase & Co. now owns 160,658 shares of the financial services provider’s stock valued at $10,589,000 after acquiring an additional 40,304 shares during the last quarter. American Century Companies Inc. boosted its stake in Interactive Brokers Group by 213.5% during the 1st quarter. American Century Companies Inc. now owns 13,796 shares of the financial services provider’s stock valued at $909,000 after acquiring an additional 9,395 shares during the last quarter. HighTower Advisors LLC boosted its stake in Interactive Brokers Group by 10.7% during the 1st quarter. HighTower Advisors LLC now owns 3,966 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 384 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Interactive Brokers Group by 14.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,199 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 532 shares during the last quarter. Finally, Natixis Advisors L.P. acquired a new stake in shares of Interactive Brokers Group during the first quarter worth $699,000. 97.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBKR has been the topic of a number of research reports. Barclays increased their target price on shares of Interactive Brokers Group from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup assumed coverage on shares of Interactive Brokers Group in a report on Tuesday, October 11th. They issued a “buy” rating and a $85.00 price objective on the stock. Finally, StockNews.com assumed coverage on shares of Interactive Brokers Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.60.

Insider Activity at Interactive Brokers Group

In related news, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $77.40, for a total value of $1,548,000.00. Following the completion of the transaction, the chairman now directly owns 1,790,605 shares of the company’s stock, valued at $138,592,827. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Interactive Brokers Group news, insider Thomas Aj Frank sold 19,600 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $76.79, for a total transaction of $1,505,084.00. Following the completion of the sale, the insider now directly owns 53,247 shares of the company’s stock, valued at approximately $4,088,837.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Thomas Peterffy sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $77.40, for a total value of $1,548,000.00. Following the sale, the chairman now directly owns 1,790,605 shares of the company’s stock, valued at $138,592,827. The disclosure for this sale can be found here. Insiders sold 331,900 shares of company stock valued at $25,835,203 over the last ninety days. 5.72% of the stock is owned by insiders.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $78.85 on Friday. The stock has a market cap of $33.08 billion, a PE ratio of 25.44, a PEG ratio of 0.72 and a beta of 0.77. The business has a fifty day moving average of $74.95 and a two-hundred day moving average of $68.86. Interactive Brokers Group, Inc. has a 52-week low of $52.18 and a 52-week high of $83.40.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last released its quarterly earnings results on Tuesday, October 18th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.09. Interactive Brokers Group had a return on equity of 3.40% and a net margin of 9.66%. The business had revenue of $790.00 million during the quarter, compared to analysts’ expectations of $792.70 million. During the same period in the previous year, the business posted $0.78 earnings per share. The firm’s revenue for the quarter was up 70.3% compared to the same quarter last year. Analysts predict that Interactive Brokers Group, Inc. will post 3.92 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Wednesday, March 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. Interactive Brokers Group’s dividend payout ratio is 12.90%.

About Interactive Brokers Group

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Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.