Koshinski Asset Management Inc. Has $368,000 Holdings in Interactive Brokers Group, Inc. $IBKR

Koshinski Asset Management Inc. grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 200.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,634 shares of the financial services provider’s stock after buying an additional 4,429 shares during the period. Koshinski Asset Management Inc.’s holdings in Interactive Brokers Group were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBKR. N.E.W. Advisory Services LLC acquired a new stake in shares of Interactive Brokers Group in the first quarter worth about $26,000. ORG Partners LLC lifted its position in shares of Interactive Brokers Group by 312.9% in the second 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. Contravisory Investment Management Inc. lifted its position in shares of Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after buying an additional 423 shares during the last quarter. Private Wealth Asset Management LLC lifted its position in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after buying an additional 435 shares during the last quarter. Finally, Nvwm LLC acquired a new stake in shares of Interactive Brokers Group in the first quarter worth about $33,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 1.1%

Shares of IBKR opened at $66.94 on Tuesday. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35. The firm has a market capitalization of $113.54 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 2.66 and a beta of 1.22. The stock’s 50-day moving average price is $65.32 and its 200 day moving average price is $56.80.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company posted $1.61 earnings per share. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s payout ratio is currently 15.38%.

Analysts Set New Price Targets

A number of analysts have weighed in on IBKR shares. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday. Citigroup lifted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. BMO Capital Markets lifted their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.34.

Insider Activity

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the sale, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the sale, the insider directly owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,205,683 shares of company stock worth $77,217,965 over the last 90 days. Corporate insiders own 2.97% of the company’s stock.

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.