Prime Capital Investment Advisors LLC Has $2.39 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Prime Capital Investment Advisors LLC boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 346.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,178 shares of the financial services provider’s stock after buying an additional 33,508 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $2,392,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after buying an additional 199,467 shares during the last quarter. Thrive Wealth Management LLC raised its holdings in Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after buying an additional 6,163 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Interactive Brokers Group by 1,093.9% during the second quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock worth $409,000 after buying an additional 6,760 shares during the last quarter. Truist Financial Corp raised its holdings in Interactive Brokers Group by 237.8% during the second quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock worth $11,230,000 after buying an additional 142,662 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in Interactive Brokers Group by 19.5% during the first quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider’s stock worth $7,839,000 after buying an additional 7,734 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $69.35 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $71.78. The company has a 50-day simple moving average of $64.50 and a 200 day simple moving average of $54.99. The company has a market capitalization of $117.63 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company posted $1.76 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of Interactive Brokers Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $82.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. Piper Sandler increased their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Barclays increased their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

Insider Transactions at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the firm’s stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,205,683 shares of company stock worth $77,217,965 in the last three months. Company 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.