Alta Wealth Advisors LLC Acquires New Holdings in Interactive Brokers Group, Inc. $IBKR

Alta Wealth Advisors LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 6,995 shares of the financial services provider’s stock, valued at approximately $481,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $9,661,000. NWF Advisory Services Inc. lifted its stake in Interactive Brokers Group by 1.1% in the 3rd quarter. NWF Advisory Services Inc. now owns 45,813 shares of the financial services provider’s stock valued at $3,152,000 after buying an additional 507 shares in the last quarter. Clark Financial Services Group Inc. BD lifted its stake in Interactive Brokers Group by 17.2% in the 3rd quarter. Clark Financial Services Group Inc. BD now owns 11,315 shares of the financial services provider’s stock valued at $779,000 after buying an additional 1,663 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Interactive Brokers Group by 3.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 58,048 shares of the financial services provider’s stock valued at $3,994,000 after buying an additional 2,066 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Interactive Brokers Group by 67.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,572 shares of the financial services provider’s stock worth $181,000 after buying an additional 1,032 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $75.35 on Tuesday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $78.80. The company has a 50-day moving average of $67.17 and a 200-day moving average of $66.18. The company has a market cap of $127.80 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.17 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last released 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. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the sale, the insider directly owned 155,000 shares in the company, valued at $12,066,750. This represents a 48.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lawrence E. Harris sold 10,645 shares of the 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 directly owned 198,704 shares in the company, valued at $13,710,576. This trade represents a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 255,645 shares of company stock valued at $19,703,755 over the last three months. Corporate insiders own 2.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, BMO Capital Markets lifted their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $76.39.

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.