110,374 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 110,374 shares of the financial services provider’s stock, valued at approximately $6,116,000.

Several other large investors have also added to or reduced their stakes in the business. Compound Planning Inc. grew its stake in Interactive Brokers Group by 1.1% during the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 62 shares during the period. CWM LLC boosted its holdings in Interactive Brokers Group by 6.6% in the first quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 66 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Interactive Brokers Group by 0.8% in the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock worth $1,410,000 after acquiring an additional 70 shares in the last quarter. USS Investment Management Ltd boosted its holdings in Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after acquiring an additional 76 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Interactive Brokers Group by 4.1% in the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 1.6%

IBKR stock opened at $69.36 on Wednesday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The stock’s 50 day moving average is $65.09 and its 200-day moving average is $55.94. The firm has a market capitalization of $117.64 billion, a PE ratio of 35.66, a P/E/G ratio of 2.90 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the company earned $1.76 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend 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%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IBKR shares. Barclays reiterated an “overweight” rating and issued a $81.00 price target (up previously from $73.00) on shares of Interactive Brokers Group in a report on Wednesday, October 8th. Citigroup increased their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday. Finally, Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $67.34.

Insider Activity at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was 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 directly owned 28,289 shares of the company’s stock, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 1,205,683 shares of company stock worth $77,217,965 over 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.