Interactive Brokers Group, Inc. $IBKR Shares Purchased by Cwm LLC

Cwm LLC boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 308.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 4,338 shares of the financial services provider’s stock after acquiring an additional 3,276 shares during the quarter. Cwm LLC’s holdings in Interactive Brokers Group were worth $240,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its position in Interactive Brokers Group by 304.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,982 shares of the financial services provider’s stock worth $3,102,000 after acquiring an additional 42,149 shares during the period. Concurrent Investment Advisors LLC lifted its position in Interactive Brokers Group by 135.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,668 shares of the financial services provider’s stock worth $813,000 after acquiring an additional 8,432 shares during the period. Apollon Wealth Management LLC acquired a new stake in Interactive Brokers Group during the 2nd quarter worth about $268,000. Fifth Third Wealth Advisors LLC lifted its position in Interactive Brokers Group by 301.1% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 14,616 shares of the financial services provider’s stock worth $810,000 after acquiring an additional 10,972 shares during the period. Finally, Cross Staff Investments Inc lifted its position in Interactive Brokers Group by 5,487.3% during the 2nd quarter. Cross Staff Investments Inc now owns 176,001 shares of the financial services provider’s stock worth $9,752,000 after acquiring an additional 172,851 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 1.1%

Shares of Interactive Brokers Group stock opened at $69.49 on Tuesday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The business has a 50-day moving average price of $65.61 and a 200 day moving average price of $57.79. The firm has a market cap of $117.86 billion, a PE ratio of 33.37, a P/E/G ratio of 2.14 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business earned $1.61 EPS. Interactive Brokers Group’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s payout ratio is 15.38%.

Analyst Ratings Changes

A number of brokerages have commented on IBKR. BMO Capital Markets lifted their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Insiders Place Their Bets

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence E. Harris sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $68.50, for a total value of $548,000.00. Following the sale, the director owned 223,704 shares of the company’s stock, valued at approximately $15,323,724. This trade represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,235,583 shares of company stock worth $79,247,235. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Company Profile

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.