B. Riley Wealth Advisors Inc. Buys Shares of 15,780 Interactive Brokers Group, Inc. $IBKR

B. Riley Wealth Advisors Inc. bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,780 shares of the financial services provider’s stock, valued at approximately $874,000.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Interactive Brokers Group by 303.9% during the 2nd quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after purchasing an additional 31,458,885 shares in the last quarter. State Street Corp boosted its stake in Interactive Brokers Group by 301.3% during the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after buying an additional 11,360,260 shares in the last quarter. Cantillon Capital Management LLC grew its holdings in Interactive Brokers Group by 288.7% during the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after acquiring an additional 9,509,805 shares during the period. Greenwich Wealth Management LLC grew its holdings in Interactive Brokers Group by 301.6% during the second quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after acquiring an additional 8,159,175 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Interactive Brokers Group by 227.7% in the second quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after acquiring an additional 7,051,682 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 10,645 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the sale, the director owned 198,704 shares in the company, valued at approximately $13,710,576. The trade was a 5.08% 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 Jill Bright purchased 400 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were acquired at an average cost of $65.95 per share, with a total value of $26,380.00. Following the completion of the transaction, the director directly owned 10,304 shares of the company’s stock, valued at $679,548.80. The trade was a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 409,047 shares of company stock valued at $26,432,850 in the last 90 days. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Stock Down 2.0%

Shares of Interactive Brokers Group stock opened at $62.87 on Tuesday. The stock has a market cap of $106.64 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26. The business has a fifty day simple moving average of $67.15 and a 200 day simple moving average of $62.89. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS 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 business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. Analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was 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%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 8th. CICC Research assumed coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target on the stock. BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note 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 report on Friday, October 17th. Finally, Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

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.