West Family Investments Inc. Buys Shares of 3,856 Interactive Brokers Group, Inc. $IBKR

West Family Investments Inc. purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,856 shares of the financial services provider’s stock, valued at approximately $214,000.

Other institutional investors also recently modified their holdings of the company. Compound Planning Inc. increased its holdings in 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 purchasing an additional 62 shares in the last quarter. USS Investment Management Ltd increased its position in shares of Interactive Brokers Group by 0.4% during the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after acquiring an additional 76 shares in the last quarter. Measured Wealth Private Client Group LLC raised its stake in shares of Interactive Brokers Group by 4.4% in the first quarter. Measured Wealth Private Client Group LLC now owns 3,012 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 127 shares during the last quarter. Summit Financial LLC lifted its stake in Interactive Brokers Group by 9.0% during the 1st quarter. Summit Financial LLC now owns 1,585 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 131 shares in the last quarter. Finally, Smithfield Trust Co boosted its holdings in Interactive Brokers Group by 78.5% during the first quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 150 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IBKR has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. BMO Capital Markets boosted their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Interactive Brokers Group Stock Up 1.3%

IBKR opened at $65.02 on Monday. The firm has a 50-day moving average price of $67.73 and a 200-day moving average price of $61.90. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The company has a market capitalization of $110.27 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.61 billion during 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 revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Insider Transactions at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 22,000 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the sale, the director directly owned 231,704 shares in the company, valued at $15,670,141.52. This represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares of the company’s stock, valued at $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,026,711 shares of company stock valued at $65,238,880 in the last ninety days. 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.