Joel Isaacson & Co. LLC Purchases 7,455 Shares of Interactive Brokers Group, Inc. $IBKR

Joel Isaacson & Co. LLC boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.6% in the second quarter, Holdings Channel.com reports. The firm owned 9,935 shares of the financial services provider’s stock after acquiring an additional 7,455 shares during the period. Joel Isaacson & Co. LLC’s holdings in Interactive Brokers Group were worth $550,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in IBKR. UMB Bank n.a. increased its holdings in Interactive Brokers Group by 136.3% during the 1st quarter. UMB Bank n.a. now owns 1,153 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 665 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in Interactive Brokers Group by 6.4% during the 1st quarter. First Citizens Bank & Trust Co. now owns 2,544 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 154 shares in the last quarter. City Holding Co. acquired a new stake in shares of Interactive Brokers Group in the first quarter valued at about $33,000. GAMMA Investing LLC increased its position in shares of Interactive Brokers Group by 34.7% in the first quarter. GAMMA Investing LLC now owns 2,560 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 660 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Interactive Brokers Group in the first quarter valued at about $127,000. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on IBKR shares. Barclays lifted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. BMO Capital Markets assumed coverage on shares of Interactive Brokers Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $82.00 price target for the company. Finally, Citigroup lifted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.47.

Insider Buying and Selling at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 1,205,683 shares of company stock worth $77,217,965. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $69.35 on Wednesday. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $71.78. The firm’s 50-day simple moving average is $64.50 and its 200 day simple moving average is $54.99. The stock has a market cap of $117.63 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.86 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 16.49%.

About Interactive Brokers Group

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.