Allworth Financial LP Has $398,000 Stake in Interactive Brokers Group, Inc. $IBKR

Allworth Financial LP raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 336.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,180 shares of the financial services provider’s stock after buying an additional 5,534 shares during the quarter. Allworth Financial LP’s holdings in Interactive Brokers Group were worth $398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC lifted its stake in Interactive Brokers Group by 274.5% during the second quarter. Fidelis Capital Partners LLC now owns 4,494 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 3,294 shares during the period. ProShare Advisors LLC grew its stake in shares of Interactive Brokers Group by 392.9% in the 2nd quarter. ProShare Advisors LLC now owns 22,864 shares of the financial services provider’s stock valued at $1,267,000 after purchasing an additional 18,225 shares during the period. Profund Advisors LLC raised its holdings in shares of Interactive Brokers Group by 279.4% in the 2nd quarter. Profund Advisors LLC now owns 10,097 shares of the financial services provider’s stock worth $559,000 after buying an additional 7,436 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $32,000. Finally, Prescott Group Capital Management L.L.C. lifted its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 111,676 shares of the financial services provider’s stock worth $6,188,000 after buying an additional 83,757 shares during the period. 23.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IBKR. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Thursday. BMO Capital Markets increased their target price on shares of 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 reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $66.03 on Monday. The firm has a market capitalization of $112.00 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The firm has a fifty day moving average of $67.67 and a 200 day moving average of $60.73.

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

Interactive Brokers Group Dividend Announcement

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

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total value of $734,505.00. Following the sale, the director owned 198,704 shares in the company, valued at $13,710,576. This trade represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the sale, the chief financial officer owned 28,289 shares of the company’s stock, valued at $1,860,850.42. The trade was a 37.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,026,711 shares of company stock valued at $65,238,880. 2.97% of the stock is owned by corporate insiders.

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.