Aviso Financial Inc. Has $1.41 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Aviso Financial Inc. raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 292.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,405 shares of the financial services provider’s stock after purchasing an additional 18,932 shares during the quarter. Aviso Financial Inc.’s holdings in Interactive Brokers Group were worth $1,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at approximately $26,000. ASR Vermogensbeheer N.V. bought a new position in Interactive Brokers Group during the first quarter valued at approximately $33,000. Quarry LP lifted its stake in Interactive Brokers Group by 486.3% in the first quarter. Quarry LP now owns 299 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 248 shares during the last quarter. Smithfield Trust Co lifted its stake in Interactive Brokers Group by 78.5% in the first quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 150 shares during the last quarter. Finally, ORG Partners LLC grew its position in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 363 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 22,000 shares of the business’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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at $10,289,092.42. This represents a 42.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,026,711 shares of company stock worth $65,238,880 in the last ninety days. 2.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on IBKR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Wednesday, November 19th. BMO Capital Markets upped their price objective 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. The Goldman Sachs Group restated a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Barclays set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.08.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $63.17 on Wednesday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The firm has a market capitalization of $107.15 billion, a PE ratio of 30.33, a PEG ratio of 2.16 and a beta of 1.22. The business’s 50-day simple moving average is $67.71 and its 200-day simple moving average is $61.60.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $1.61 EPS. The company’s revenue was up 21.2% on a year-over-year basis. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

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.