SteelPeak Wealth LLC increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 258.8% in the 2nd quarter, Holdings Channel reports. The firm owned 33,361 shares of the financial services provider’s stock after purchasing an additional 24,064 shares during the period. SteelPeak Wealth LLC’s holdings in Interactive Brokers Group were worth $1,849,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in shares of Interactive Brokers Group during the first quarter worth approximately $26,000. City Holding Co. acquired a new position in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. Nvwm LLC acquired a new position in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. ASR Vermogensbeheer N.V. acquired a new position in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Interactive Brokers Group during the first quarter worth approximately $43,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Interactive Brokers Group Trading Down 0.4%
IBKR opened at $69.35 on Wednesday. The stock has a market cap of $117.63 billion, a PE ratio of 35.66, a P/E/G ratio of 2.86 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $71.78. The stock’s 50 day simple moving average is $64.50 and its 200-day simple moving average is $54.99.
Interactive Brokers Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio is currently 16.49%.
Insider Buying and Selling at Interactive Brokers Group
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer owned 158,954 shares of the company’s stock, valued at $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,205,683 shares of company stock valued at $77,217,965 over the last quarter. Corporate insiders own 2.97% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on IBKR shares. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Citigroup boosted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Finally, BMO Capital Markets assumed coverage on Interactive Brokers Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $82.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.
Read Our Latest Report on IBKR
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.
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