Simon Quick Advisors LLC Invests $234,000 in Interactive Brokers Group, Inc. $IBKR

Simon Quick Advisors LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, HoldingsChannel reports. The fund purchased 4,220 shares of the financial services provider’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Interactive Brokers Group by 50.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after purchasing an additional 199,467 shares during the last quarter. Thrive Wealth Management LLC increased its stake in shares of Interactive Brokers Group by 243.8% during the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 6,163 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Interactive Brokers Group by 312.8% during the 2nd quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock worth $5,798,000 after purchasing an additional 79,294 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Interactive Brokers Group by 1,093.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 6,760 shares during the last quarter. Finally, Truist Financial Corp increased its stake in shares of Interactive Brokers Group by 237.8% during the 2nd quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock worth $11,230,000 after purchasing an additional 142,662 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $73.08 on Tuesday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35. The firm has a market cap of $123.95 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The firm’s 50-day simple moving average is $66.35 and its 200 day simple moving average is $58.90.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 EPS. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 15.38%.

Analyst Ratings Changes

Several research firms have recently weighed in on IBKR. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Barclays set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. The Goldman Sachs Group restated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Finally, Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 400 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was purchased at an average price of $65.95 per share, with a total value of $26,380.00. Following the acquisition, the director directly owned 10,304 shares of the company’s stock, valued at approximately $679,548.80. This trade represents a 4.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence E. Harris sold 10,645 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the sale, the director directly owned 198,704 shares of the company’s stock, valued at $13,710,576. This represents a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,220,797 shares of company stock valued at $78,337,744 in the last quarter. Company 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.