Kestra Investment Management LLC Raises Stake in Interactive Brokers Group, Inc. $IBKR

Kestra Investment Management LLC lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 839.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,765 shares of the financial services provider’s stock after purchasing an additional 12,300 shares during the quarter. Kestra Investment Management LLC’s holdings in Interactive Brokers Group were worth $763,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBKR. Evergreen Capital Management LLC grew its position in Interactive Brokers Group by 294.9% during the second quarter. Evergreen Capital Management LLC now owns 6,484 shares of the financial services provider’s stock worth $359,000 after buying an additional 4,842 shares during the period. Strategic Investment Advisors MI boosted its stake in shares of Interactive Brokers Group by 231.5% during the 2nd quarter. Strategic Investment Advisors MI now owns 12,549 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 8,764 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Interactive Brokers Group by 314.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 556,042 shares of the financial services provider’s stock worth $30,833,000 after acquiring an additional 421,745 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Interactive Brokers Group by 242.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 18,586 shares of the financial services provider’s stock worth $1,030,000 after acquiring an additional 13,157 shares during the period. Finally, Ion Asset Management Ltd. purchased a new position in Interactive Brokers Group in the 2nd quarter valued at approximately $1,108,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 2.0%

Interactive Brokers Group stock opened at $62.87 on Tuesday. The stock has a 50-day moving average price of $67.15 and a 200 day moving average price of $62.89. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The stock has a market cap of $106.64 billion, a PE ratio of 30.19, a P/E/G ratio of 1.95 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results 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 company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $1.61 EPS. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, December 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Interactive Brokers Group’s payout ratio is presently 15.38%.

Analysts Set New Price Targets

A number of analysts have commented on IBKR shares. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 8th. Barclays reiterated an “overweight” rating and issued a $81.00 price objective (up from $80.00) on shares of Interactive Brokers Group in a research report on Friday. 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. Finally, BMO Capital Markets lifted 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. 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. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $72.19.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright purchased 400 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was bought at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the acquisition, the director owned 10,304 shares of the company’s stock, valued at approximately $679,548.80. The trade was a 4.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence E. Harris sold 10,645 shares of the firm’s 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 409,047 shares of company stock valued at $26,432,850. Company insiders own 2.97% of the company’s stock.

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.