Interactive Brokers Group, Inc. $IBKR Holdings Boosted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 57.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,349 shares of the financial services provider’s stock after acquiring an additional 41,271 shares during the period. Commonwealth Equity Services LLC’s holdings in Interactive Brokers Group were worth $7,800,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

IBKR has been the topic of several analyst reports. Barclays set a $82.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Thursday, January 8th. BMO Capital Markets raised their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $75.25.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright acquired 400 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was bought at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence E. Harris sold 10,645 shares of Interactive Brokers Group 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 completion of the transaction, the director owned 198,704 shares in the company, valued at $13,710,576. The trade was a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 55,000 shares of company stock valued at $3,767,363. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR opened at $70.59 on Wednesday. The company has a market capitalization of $119.73 billion, a PE ratio of 33.90, a P/E/G ratio of 2.00 and a beta of 1.24. The stock’s fifty day moving average is $66.25 and its 200-day moving average is $65.11. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company earned $1.61 earnings per share. Interactive Brokers Group’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors 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 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is currently 15.38%.

About Interactive Brokers Group

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.