Dumont & Blake Investment Advisors LLC Buys 24,609 Shares of Interactive Brokers Group, Inc. $IBKR

Dumont & Blake Investment Advisors LLC boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 306.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 32,636 shares of the financial services provider’s stock after acquiring an additional 24,609 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $1,808,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IBKR. GAMMA Investing LLC lifted its position in Interactive Brokers Group by 34.7% in the 1st 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Interactive Brokers Group by 245.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 48,364 shares of the financial services provider’s stock worth $8,009,000 after buying an additional 34,364 shares in the last quarter. Ritholtz Wealth Management lifted its position in Interactive Brokers Group by 4.1% during the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider’s stock worth $329,000 after buying an additional 79 shares in the last quarter. QRG Capital Management Inc. lifted its position in Interactive Brokers Group by 3.7% during the 1st quarter. QRG Capital Management Inc. now owns 5,857 shares of the financial services provider’s stock worth $970,000 after buying an additional 208 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Interactive Brokers Group by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 12,756 shares of the financial services provider’s stock worth $2,112,000 after buying an additional 340 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares in the company, valued at approximately $10,289,092.42. This trade represents a 42.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,205,683 shares of company stock worth $77,217,965. 2.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IBKR shares. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday. Wall Street Zen raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Friday. Citigroup boosted their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.34.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $66.23 on Friday. The firm has a market capitalization of $112.34 billion, a PE ratio of 31.80, a P/E/G ratio of 2.71 and a beta of 1.22. The company’s 50-day moving average is $65.30 and its 200-day moving average is $56.47. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.17%. Interactive Brokers Group’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS. As a group, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 15.38%.

Interactive Brokers Group 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.