PFG Advisors Buys Shares of 10,323 Interactive Brokers Group, Inc. $IBKR

PFG Advisors purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,323 shares of the financial services provider’s stock, valued at approximately $710,000.

Several other large investors also recently modified their holdings of IBKR. Murphy & Mullick Capital Management Corp bought a new position in Interactive Brokers Group in the third quarter valued at about $27,000. N.E.W. Advisory Services LLC grew its stake in shares of 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 during the period. Smithfield Trust Co grew its stake in shares of Interactive Brokers Group by 124.0% during the 2nd quarter. Smithfield Trust Co now owns 764 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 423 shares during the period. Sittner & Nelson LLC increased its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Sittner & Nelson LLC now owns 788 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 591 shares during the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at about $44,000. Institutional investors own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IBKR shares. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock 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. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Trading Down 2.1%

Shares of NASDAQ:IBKR opened at $66.92 on Friday. The stock has a 50 day moving average of $72.67 and a 200 day moving average of $68.28. The company has a market cap of $113.51 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.51 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year. Equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

About Interactive Brokers Group

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.