BAM Wealth Management LLC Purchases New Position in Interactive Brokers Group, Inc. $IBKR

BAM Wealth Management LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,255 shares of the financial services provider’s stock, valued at approximately $788,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group during the third quarter worth $27,000. N.E.W. Advisory Services LLC lifted its stake in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 474 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Interactive Brokers Group by 236.0% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 472 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at $44,000. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group during the 2nd quarter worth $45,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. BMO Capital Markets boosted their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $76.39.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 400,000 shares of company stock worth $30,725,122 in the last ninety days. 2.80% of the stock is owned by company insiders.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $67.74 on Monday. The stock has a market cap of $114.91 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 1.90 and a beta of 1.25. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18. The company’s fifty day moving average is $70.93 and its 200 day moving average is $68.85.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.Interactive Brokers Group’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.48%.

Interactive Brokers Group Company 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.