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

Marks Group Wealth Management Inc trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 24.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in Interactive Brokers Group in the 4th quarter valued at $465,000. Cerity Partners LLC grew its holdings in Interactive Brokers Group by 84.0% in the 4th quarter. Cerity Partners LLC now owns 20,959 shares of the financial services provider’s stock valued at $1,348,000 after buying an additional 9,566 shares in the last quarter. West Family Investments Inc. grew its holdings in Interactive Brokers Group by 20.7% in the 4th quarter. West Family Investments Inc. now owns 5,610 shares of the financial services provider’s stock valued at $361,000 after buying an additional 963 shares in the last quarter. Cantillon Capital Management LLC grew its holdings in Interactive Brokers Group by 0.8% in the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock valued at $820,589,000 after buying an additional 95,878 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Interactive Brokers Group by 7.6% in the 4th quarter. LPL Financial LLC now owns 778,743 shares of the financial services provider’s stock valued at $50,081,000 after buying an additional 55,191 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $87.35 on Tuesday. Interactive Brokers Group, Inc. has a 52 week low of $49.15 and a 52 week high of $91.02. The stock has a market capitalization of $148.18 billion, a P/E ratio of 37.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.32. The stock has a fifty day moving average of $79.44 and a 200-day moving average of $72.82.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping 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 company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the firm earned $1.94 EPS. Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.0875 per share. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the business’s 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 completion of the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on IBKR shares. Barclays upped their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Jefferies Financial Group decreased their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective on the stock. Finally, The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.