Vest Financial LLC Purchases 56,053 Shares of Interactive Brokers Group, Inc. $IBKR

Vest Financial LLC grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 636.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,862 shares of the financial services provider’s stock after purchasing an additional 56,053 shares during the period. Vest Financial LLC’s holdings in Interactive Brokers Group were worth $3,594,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Compound Planning Inc. increased its holdings in shares of Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after buying an additional 62 shares during the period. CWM LLC increased its holdings in shares of Interactive Brokers Group by 6.6% in the first quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock worth $176,000 after buying an additional 66 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Interactive Brokers Group by 0.8% in the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock worth $1,410,000 after buying an additional 70 shares during the period. USS Investment Management Ltd increased its holdings in shares of Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after buying an additional 76 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in shares of Interactive Brokers Group by 4.1% in the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider’s stock worth $329,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR stock opened at $70.52 on Tuesday. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The business’s 50 day moving average price is $64.98 and its two-hundred day moving average price is $55.85. The company has a market capitalization of $119.61 billion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 2.83 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the business earned $1.76 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 16.49%.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the transaction, the insider owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the sale, the chief financial officer directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,205,683 shares of company stock worth $77,217,965 in the last quarter. Company insiders own 2.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on IBKR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Piper Sandler upped their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Finally, Barclays reaffirmed an “overweight” rating and set a $81.00 price target (up previously from $73.00) on shares of Interactive Brokers Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.47.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.