Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 55.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,962 shares of the financial services provider’s stock after selling 17,663 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Interactive Brokers Group were worth $1,560,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wallace Advisory Group LLC grew its stake in shares of Interactive Brokers Group by 8.8% in the first quarter. Wallace Advisory Group LLC now owns 2,693 shares of the financial services provider’s stock valued at $301,000 after buying an additional 217 shares in the last quarter. Factory Mutual Insurance Co. purchased a new stake in shares of Interactive Brokers Group during the first quarter valued at approximately $3,351,000. MJP Associates Inc. ADV acquired a new position in shares of Interactive Brokers Group during the first quarter worth $300,000. Fulton Bank N.A. acquired a new position in shares of Interactive Brokers Group during the first quarter worth $232,000. Finally, Rise Advisors LLC purchased a new position in shares of Interactive Brokers Group in the first quarter valued at $30,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on IBKR shares. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Citigroup increased their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Bank of America lifted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Barclays increased their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Check Out Our Latest Stock Analysis on Interactive Brokers Group

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $123.98 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $129.19. The company has a fifty day moving average price of $122.89 and a two-hundred day moving average price of $108.34. The company has a market cap of $52.21 billion, a PE ratio of 21.19, a P/E/G ratio of 1.23 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.68 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

About Interactive Brokers Group

(Free Report)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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