Marks Group Wealth Management Inc Has $2.17 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Marks Group Wealth Management Inc reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 24.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,684 shares of the financial services provider’s stock after selling 10,639 shares during the period. Marks Group Wealth Management Inc’s holdings in Interactive Brokers Group were worth $2,166,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of IBKR. Murphy & Mullick Capital Management Corp acquired a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $27,000. IMA Advisory Services Inc. raised its holdings in Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares during the period. Entrust Financial LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $31,000. Tucker Asset Management LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $32,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $33,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $87.35 on Tuesday. The stock has a market cap of $148.18 billion, a P/E ratio of 37.65, a P/E/G ratio of 2.33 and a beta of 1.32. The company has a fifty day moving average price of $79.44 and a two-hundred day moving average price of $72.82. Interactive Brokers Group, Inc. has a one year low of $49.15 and a one year high of $91.02.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the business earned $1.94 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be paid a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.09%.

Analysts Set New Price Targets

Several analysts have commented on IBKR shares. Wolfe Research started coverage on shares of Interactive Brokers Group in a report on Monday. They set an “outperform” rating and a $101.00 target price on the stock. Piper Sandler raised their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a report on Friday, May 1st. Jefferies Financial Group dropped their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.22.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.