Heritage Family Offices LLP Purchases 8,011 Shares of Interactive Brokers Group, Inc. $IBKR

Heritage Family Offices LLP boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 202.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,959 shares of the financial services provider’s stock after buying an additional 8,011 shares during the quarter. Heritage Family Offices LLP’s holdings in Interactive Brokers Group were worth $823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. ORG Partners LLC boosted its stake in shares of Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Huntington National Bank boosted its position in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after buying an additional 176 shares during the period. Contravisory Investment Management Inc. grew its stake in shares of Interactive Brokers Group by 300.0% during the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after buying an additional 423 shares during the last quarter. Private Wealth Asset Management LLC increased its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after buying an additional 435 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at about $32,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IBKR shares. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. 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 for the company. Finally, Barclays reissued an “overweight” rating and set a $81.00 price target (up previously from $80.00) on shares of Interactive Brokers Group in a research report on Friday, December 12th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.19.

Interactive Brokers Group Stock Down 1.0%

NASDAQ:IBKR opened at $62.45 on Thursday. The firm’s fifty day simple moving average is $66.83 and its 200 day simple moving average is $62.96. The stock has a market cap of $105.92 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 1.92 and a beta of 1.26. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion during 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 company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company posted $1.61 EPS. On average, 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. Shareholders of record on Monday, December 1st were given a dividend of $0.08 per share. 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%.

Insider Buying and Selling at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the transaction, the chief financial officer owned 28,289 shares of the company’s stock, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jill Bright bought 400 shares of the stock in a transaction dated Thursday, October 23rd. The stock was purchased at an average price of $65.95 per share, with a total value of $26,380.00. Following the purchase, the director owned 10,304 shares in the company, valued at $679,548.80. This trade represents a 4.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 185,665 shares of company stock valued at $12,238,570. 2.97% of the stock is currently owned by corporate insiders.

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.