AE Wealth Management LLC Has $1.67 Million Position in Interactive Brokers Group, Inc. $IBKR

AE Wealth Management LLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 312.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,186 shares of the financial services provider’s stock after buying an additional 22,872 shares during the quarter. AE Wealth Management LLC’s holdings in Interactive Brokers Group were worth $1,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Cantillon Capital Management LLC increased its stake in Interactive Brokers Group by 288.7% in the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after acquiring an additional 9,509,805 shares during the period. Vanguard Group Inc. grew its stake in shares of Interactive Brokers Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock valued at $1,714,108,000 after purchasing an additional 280,004 shares during the period. Waverton Investment Management Ltd grew its stake in shares of Interactive Brokers Group by 2,148.3% in the 2nd quarter. Waverton Investment Management Ltd now owns 4,441,243 shares of the financial services provider’s stock valued at $246,089,000 after purchasing an additional 4,243,702 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Interactive Brokers Group by 265.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,233,651 shares of the financial services provider’s stock worth $179,177,000 after buying an additional 2,348,305 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Interactive Brokers Group by 1,476.3% during the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after buying an additional 1,343,007 shares during the period. 23.80% of the stock is owned by institutional investors.

Insider Activity

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lawrence E. Harris sold 22,000 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the transaction, the director owned 231,704 shares in the company, valued at approximately $15,670,141.52. The trade was a 8.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,026,711 shares of company stock worth $65,238,880. 2.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on IBKR. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. CICC Research began coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. BMO Capital Markets upped their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a 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. Finally, Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $70.87 on Wednesday. The firm has a 50 day simple moving average of $67.32 and a 200 day simple moving average of $60.18. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The firm has a market cap of $120.21 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 EPS. 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 declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a $0.08 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.38%.

About Interactive Brokers Group

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.