10,156 Shares in Interactive Brokers Group, Inc. $IBKR Bought by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,156 shares of the financial services provider’s stock, valued at approximately $699,000.

Several other institutional investors have also added to or reduced their stakes in the business. Huntington National Bank raised its position in shares of Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Interactive Brokers Group during the 2nd quarter worth approximately $32,000. N.E.W. Advisory Services LLC increased its stake in Interactive Brokers Group by 300.0% during 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 purchasing an additional 474 shares in the last quarter. Rialto Wealth Management LLC raised its holdings in shares of Interactive Brokers Group by 306.4% in the second quarter. Rialto Wealth Management LLC now owns 764 shares of the financial services provider’s stock worth $42,000 after buying an additional 576 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Interactive Brokers Group by 1,051.5% during the second quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock worth $42,000 after buying an additional 694 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IBKR shares. BMO Capital Markets upped their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. CICC Research assumed coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price for the company. Finally, Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Insiders have sold 400,000 shares of company stock valued at $30,725,122 over the last quarter. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Trading Up 2.3%

NASDAQ:IBKR opened at $74.75 on Tuesday. The stock has a 50 day moving average of $70.49 and a two-hundred day moving average of $67.47. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $79.18. The firm has a market cap of $126.79 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 2.09 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

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.