Interactive Brokers Group, Inc. $IBKR Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 369.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,562 shares of the financial services provider’s stock after purchasing an additional 2,804 shares during the quarter. Assetmark Inc.’s holdings in Interactive Brokers Group were worth $197,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IBKR. Keybank National Association OH raised its stake in shares of Interactive Brokers Group by 106.4% during the 2nd quarter. Keybank National Association OH now owns 3,747 shares of the financial services provider’s stock worth $208,000 after buying an additional 1,932 shares during the last quarter. Premier Path Wealth Partners LLC increased its holdings in Interactive Brokers Group by 300.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 5,340 shares of the financial services provider’s stock valued at $296,000 after acquiring an additional 4,005 shares in the last quarter. Spire Wealth Management raised its position in Interactive Brokers Group by 335.7% during the second quarter. Spire Wealth Management now owns 20,745 shares of the financial services provider’s stock worth $1,149,000 after acquiring an additional 15,984 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Interactive Brokers Group by 13,904.5% in the second quarter. Hantz Financial Services Inc. now owns 3,081 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 3,059 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Interactive Brokers Group by 726.9% in the second quarter. Arkadios Wealth Advisors now owns 50,700 shares of the financial services provider’s stock valued at $2,809,000 after purchasing an additional 44,569 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the firm’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 owned 28,289 shares in the company, valued at $1,860,850.42. This trade represents a 37.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jill Bright bought 400 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was bought at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the purchase, the director owned 10,304 shares in the company, valued at approximately $679,548.80. This represents a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 1,220,797 shares of company stock worth $78,337,744 over the last ninety days. Corporate insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on IBKR shares. CICC Research started coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. 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. Finally, Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $70.54 on Friday. The firm’s 50-day simple moving average is $67.01 and its 200-day simple moving average is $59.64. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The firm has a market cap of $119.65 billion, a P/E ratio of 33.87, a PEG ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. Analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal 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 given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Interactive Brokers Group 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.