Interactive Brokers Group, Inc. $IBKR Shares Bought by Florida Financial Advisors LLC

Florida Financial Advisors LLC lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 31,188 shares of the financial services provider’s stock after acquiring an additional 5,624 shares during the quarter. Florida Financial Advisors LLC’s holdings in Interactive Brokers Group were worth $2,092,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IBKR. Norges Bank purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $453,146,000. Orbis Allan Gray Ltd boosted its holdings in Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after acquiring an additional 6,246,715 shares during the period. Bank of America Corp DE boosted its holdings in Interactive Brokers Group by 225.4% in the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock worth $420,834,000 after acquiring an additional 5,260,923 shares during the period. State Street Corp grew its position in Interactive Brokers Group by 23.2% in the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after acquiring an additional 3,517,729 shares in the last quarter. Finally, Invesco Ltd. grew its position in Interactive Brokers Group by 44.1% in the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after acquiring an additional 2,534,772 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IBKR shares. Keefe, Bruyette & Woods initiated coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective on the stock. Barclays raised their price target on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. Jefferies Financial Group cut their price objective 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, Wolfe Research began coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $93.89.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $91.68 on Tuesday. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $97.84. The company has a market capitalization of $155.52 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. The company’s fifty day moving average price is $89.57 and its two-hundred day moving average price is $78.76.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the business earned $1.94 EPS. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 2.55 EPS for the current year.

Interactive Brokers Group 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.