Interactive Brokers Group, Inc. $IBKR Stock Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 46.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,602 shares of the financial services provider’s stock after selling 8,303 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Interactive Brokers Group were worth $820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BOCHK Asset Management Ltd bought a new stake in Interactive Brokers Group in the third quarter worth $26,000. Wealth Enhancement Trust Services Inc. boosted its position in Interactive Brokers Group by 1,217.2% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after buying an additional 353 shares during the period. CoreCap Advisors LLC grew its stake in shares of Interactive Brokers Group by 62.2% during the third quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock valued at $45,000 after buying an additional 201 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Interactive Brokers Group by 584.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock valued at $36,000 after buying an additional 456 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of Interactive Brokers Group by 70.4% during the third quarter. Mather Group LLC. now owns 656 shares of the financial services provider’s stock valued at $56,000 after buying an additional 271 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In related news, Director Lawrence Harris sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $82.61, for a total transaction of $2,065,250.00. Following the transaction, the director owned 148,482 shares in the company, valued at $12,266,098.02. The trade was a 14.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded up $3.09 during trading hours on Friday, reaching $75.82. The stock had a trading volume of 5,769,653 shares, compared to its average volume of 4,505,476. The company has a fifty day simple moving average of $86.40 and a 200-day simple moving average of $82.97. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75. The stock has a market cap of $129.00 billion, a PE ratio of 29.16, a PEG ratio of 1.22 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Research analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 13.46%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IBKR shares. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Barclays set a $117.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 16th. Capital One Financial set a $105.00 price target on Interactive Brokers Group in a research report on Tuesday, October 6th. UBS Group set a $97.00 price target on Interactive Brokers Group in a research note on Tuesday, October 20th. Finally, Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $102.87.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is an electronic brokerage firm that provides trade execution, clearing and custody services to individual investors and institutional clients, including financial advisers, hedge funds and proprietary trading groups. Its platforms give clients access to a range of investments, including stocks, options, futures, currencies, bonds and funds, with product availability varying by location.

The company serves clients in many countries and provides access to markets around the world.