Creative Financial Designs Inc. ADV Purchases 704 Shares of Interactive Brokers Group, Inc. $IBKR

Creative Financial Designs Inc. ADV grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 298.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 940 shares of the financial services provider’s stock after purchasing an additional 704 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Interactive Brokers Group were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Compound Planning Inc. increased its holdings in Interactive Brokers Group by 1.1% in the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after buying an additional 62 shares in the last quarter. CWM LLC increased its holdings in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock worth $176,000 after buying an additional 66 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of 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 during the period. USS Investment Management Ltd grew its stake in shares of 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 during the period. Finally, Securian Asset Management Inc. grew its stake in shares of Interactive Brokers Group by 1.2% in the first quarter. Securian Asset Management Inc. now owns 8,331 shares of the financial services provider’s stock worth $1,380,000 after acquiring an additional 100 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Friday, October 17th. Citigroup lifted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $72.08.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $73.08 on Tuesday. The stock has a 50-day simple moving average of $66.35 and a two-hundred day simple moving average of $58.90. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The firm has a market capitalization of $123.95 billion, a PE ratio of 35.09, a P/E/G ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating 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 return on equity of 5.03% and a net margin of 10.12%.The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. Equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company’s stock in a transaction that occurred on 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 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 document filed with the SEC, which is available through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was 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 directly owned 158,954 shares of the company’s stock, valued at $10,289,092.42. This represents a 42.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,220,797 shares of company stock valued at $78,337,744. Company insiders own 2.97% of the company’s stock.

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.