Interactive Brokers Group, Inc. $IBKR Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 537.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,564 shares of the financial services provider’s stock after acquiring an additional 29,982 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Interactive Brokers Group were worth $1,971,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ORG Partners LLC increased its holdings 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 grew 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 worth $29,000 after buying an additional 176 shares during the period. Contravisory Investment Management Inc. increased its holdings in Interactive Brokers Group by 300.0% in 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 in the last quarter. Private Wealth Asset Management LLC lifted its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 435 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $32,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 2.1%

Shares of NASDAQ:IBKR opened at $64.26 on Friday. The company has a market capitalization of $108.99 billion, a P/E ratio of 30.86, a P/E/G ratio of 1.96 and a beta of 1.26. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The stock’s fifty day simple moving average is $66.55 and its 200-day simple moving average is $63.12.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 EPS. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on IBKR. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Barclays reissued an “overweight” rating and issued a $81.00 target price (up previously from $80.00) on shares of Interactive Brokers Group in a report on Friday, December 12th. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

Insider Activity

In related news, Director Lawrence E. Harris sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total value of $1,487,860.00. Following the sale, the director directly owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. This trade represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Jonathan Brody sold 19,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $65.30, for a total transaction of $1,242,332.50. Following the completion of the sale, the chief financial officer owned 74,034 shares of the company’s stock, valued at approximately $4,834,420.20. The trade was a 20.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 134,972 shares of company stock worth $8,963,295. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.