8,303 Interactive Brokers Group, Inc. $IBKR Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 46.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,602 shares of the financial services provider’s stock after selling 8,303 shares during the period. Kestra Private Wealth Services LLC’s holdings in Interactive Brokers Group were worth $820,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. BOCHK Asset Management Ltd purchased a new stake in shares of Interactive Brokers Group in the third quarter worth $26,000. Wealth Enhancement Trust Services Inc. boosted its stake in Interactive Brokers Group by 1,217.2% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after buying an additional 353 shares during the period. CoreCap Advisors LLC grew its position in Interactive Brokers Group by 62.2% during the third quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock worth $45,000 after buying an additional 201 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Interactive Brokers Group by 584.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock worth $36,000 after buying an additional 456 shares in the last quarter. Finally, Mather Group LLC. increased its stake in Interactive Brokers Group by 70.4% in the 3rd quarter. Mather Group LLC. now owns 656 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 271 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence Harris sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $82.61, for a total value of $2,065,250.00. Following the completion of the sale, the director owned 148,482 shares in the company, valued at $12,266,098.02. The trade was a 14.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR traded up $3.09 during trading on Friday, reaching $75.82. The stock had a trading volume of 5,769,653 shares, compared to its average volume of 4,505,476. The stock has a market cap of $129.00 billion, a PE ratio of 29.16, a PEG ratio of 1.22 and a beta of 1.37. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $98.75. The business has a 50-day moving average of $86.40 and a 200-day moving average of $82.97.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s payout ratio is 13.46%.

Analyst Ratings Changes

Several research firms have weighed in on IBKR. BMO Capital Markets reaffirmed an “outperform” rating and issued a $100.00 price target (down from $105.00) on shares of Interactive Brokers Group in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $104.00 price objective on shares of Interactive Brokers Group and gave the stock a “buy” rating in a research report on Friday, October 16th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Interactive Brokers Group in a research note on Wednesday, September 2nd. Barclays set a $117.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 16th. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.87.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is an electronic brokerage firm that provides trade execution, clearing and custody services to individual investors and institutional clients, including financial advisers, hedge funds and proprietary trading groups. Its platforms give clients access to a range of investments, including stocks, options, futures, currencies, bonds and funds, with product availability varying by location.

The company serves clients in many countries and provides access to markets around the world.