9,658 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 9,658 shares of the financial services provider’s stock, valued at approximately $648,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in Interactive Brokers Group during the 4th quarter worth $26,000. IMA Advisory Services Inc. grew its holdings in shares of Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares in the last quarter. Tobam acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $30,000. Entrust Financial LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $31,000. Finally, SHP Wealth Management purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth about $31,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBKR has been the topic of a number of recent research reports. Wolfe Research began coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 price target on the stock. BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research note on Friday, May 1st. Barclays boosted their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, Piper Sandler upped their price target on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.22.

Interactive Brokers Group Stock Down 2.1%

NASDAQ IBKR opened at $91.33 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $56.33 and a 52 week high of $97.84. The business’s fifty day simple moving average is $86.38 and its 200-day simple moving average is $76.29. The firm has a market cap of $154.93 billion, a PE ratio of 39.37, a P/E/G ratio of 2.58 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the company posted $1.94 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. Research analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were issued a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by insiders.

Interactive Brokers Group Profile

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.