Exchange Traded Concepts LLC Invests $593,000 in Interactive Brokers Group, Inc. $IBKR

Exchange Traded Concepts LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,620 shares of the financial services provider’s stock, valued at approximately $593,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ABLE Financial Group LLC grew its holdings in Interactive Brokers Group by 24.7% in the 3rd quarter. ABLE Financial Group LLC now owns 8,083 shares of the financial services provider’s stock valued at $556,000 after buying an additional 1,603 shares in the last quarter. Trust Point Inc. acquired a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $210,000. Cyndeo Wealth Partners LLC acquired a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $218,000. Curated Wealth Partners LLC purchased a new stake in shares of Interactive Brokers Group in the third quarter valued at about $221,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Interactive Brokers Group in the third quarter valued at about $345,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IBKR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 22nd. BMO Capital Markets lifted their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Barclays reiterated an “overweight” rating and issued a $81.00 price objective (up 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. Finally, CICC Research assumed coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.19.

Interactive Brokers Group Stock Down 1.2%

Shares of NASDAQ IBKR opened at $65.35 on Tuesday. The firm has a market cap of $110.84 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.02 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 business’s 50 day moving average is $66.22 and its two-hundred day moving average is $63.81.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly 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 business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the business posted $1.61 earnings per share. Analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal 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 given 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 currently 15.38%.

Insider Transactions at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 10,645 shares of Interactive Brokers Group stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the transaction, the director owned 198,704 shares in the company, valued at approximately $13,710,576. The trade was a 5.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jill Bright bought 400 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were acquired at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the completion of 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 SEC filing for this purchase provides additional information. Insiders have sold 55,000 shares of company stock worth $3,767,363 over the last quarter. 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.