17,494 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Westwind Capital

Westwind Capital purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,494 shares of the financial services provider’s stock, valued at approximately $1,494,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Financial Group LLC boosted its holdings in Interactive Brokers Group by 3.1% in the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 118 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Interactive Brokers Group by 0.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock worth $1,172,000 after buying an additional 150 shares during the period. Sumitomo Life Insurance Co. raised its stake in Interactive Brokers Group by 0.3% during the 4th quarter. Sumitomo Life Insurance Co. now owns 58,550 shares of the financial services provider’s stock valued at $3,765,000 after purchasing an additional 170 shares during the last quarter. Everhart Financial Group Inc. raised its position in shares of Interactive Brokers Group by 3.8% during the third quarter. Everhart Financial Group Inc. now owns 5,167 shares of the financial services provider’s stock valued at $441,000 after buying an additional 191 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Interactive Brokers Group by 62.2% in the 3rd quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 201 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Bank of America restated a “buy” rating and set a $116.00 price target (up from $114.00) on shares of Interactive Brokers Group in a research note on Monday. China Renaissance initiated coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They issued a “hold” rating on the stock. Capital One Financial set a $105.00 target price on Interactive Brokers Group in a report on Tuesday. Finally, Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.92.

Interactive Brokers Group Trading Down 1.4%

NASDAQ IBKR traded down $1.27 during trading hours on Thursday, reaching $86.47. 2,997,232 shares of the company’s stock were exchanged, compared to its average volume of 4,706,049. The firm has a fifty day moving average of $90.62 and a 200-day moving average of $86.30. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $98.75. The stock has a market cap of $147.12 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was up 28.1% on a year-over-year basis. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.0875 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is currently 14.00%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.