Crewe Advisors LLC Has $565,000 Stock Position in Interactive Brokers Group, Inc. $IBKR

Crewe Advisors LLC lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 10,192 shares of the financial services provider’s stock after purchasing an additional 7,644 shares during the period. Crewe Advisors LLC’s holdings in Interactive Brokers Group were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IBKR. GAMMA Investing LLC lifted its stake 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 worth $424,000 after buying an additional 660 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake 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 valued at $8,009,000 after purchasing an additional 34,364 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Interactive Brokers Group by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 12,756 shares of the financial services provider’s stock valued at $2,112,000 after purchasing an additional 340 shares during the period. PFG Investments LLC boosted its holdings in Interactive Brokers Group by 10.0% in the 1st quarter. PFG Investments LLC now owns 3,312 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 300 shares during the period. Finally, Praxis Investment Management Inc. bought a new stake in Interactive Brokers Group in the 1st quarter valued at $1,056,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated Tuesday, August 12th. The shares were 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 of the company’s stock, valued at $31,146,635. This trade represents a 29.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group 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 transaction, the chief financial officer directly 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 a total of 1,205,683 shares of company stock valued at $77,217,965 over the last three months. 2.97% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on IBKR. BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday. Citigroup increased their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a report on Monday, July 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a report on Friday. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday. Finally, Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.34.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $66.23 on Monday. The company has a 50-day moving average of $65.30 and a 200-day moving average of $56.59. The company has a market capitalization of $112.34 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.66 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 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 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued 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 is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 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.