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

Parallel Advisors LLC lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 341.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,759 shares of the financial services provider’s stock after buying an additional 6,003 shares during the quarter. Parallel Advisors LLC’s holdings in Interactive Brokers Group were worth $520,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IBKR. HM Payson & Co. grew its position in shares of Interactive Brokers Group by 5.8% during the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after buying an additional 133 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in Interactive Brokers Group by 1.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after acquiring an additional 143 shares during the last quarter. S&CO Inc. boosted its stake in Interactive Brokers Group by 0.3% in the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after acquiring an additional 160 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in Interactive Brokers Group by 2.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 165 shares during the period. Finally, Forefront Wealth Partners LLC grew its holdings in shares of Interactive Brokers Group by 2.1% during the fourth quarter. Forefront Wealth Partners LLC now owns 8,175 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 169 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of research reports. Piper Sandler set a $109.00 price target on Interactive Brokers Group in a research report on Wednesday. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. China Renaissance began coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating for the company. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $96.89.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Down 0.0%

NASDAQ IBKR opened at $91.74 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $97.84. The stock has a market cap of $155.62 billion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33. The company has a 50-day moving average price of $90.09 and a two-hundred day moving average price of $79.44.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. Interactive Brokers Group’s revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.64 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be given a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

About Interactive Brokers Group

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.