Interactive Brokers Group, Inc. $IBKR Stock: Vise Technologies Inc. Grows Stake

Vise Technologies Inc. raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 29.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,648 shares of the financial services provider’s stock after buying an additional 8,662 shares during the quarter. Vise Technologies Inc.’s holdings in Interactive Brokers Group were worth $3,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Trust Services Inc. grew its stake in shares of Interactive Brokers Group by 1,217.2% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 353 shares during the last quarter. CoreCap Advisors LLC boosted its stake 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 valued at $45,000 after purchasing an additional 201 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Interactive Brokers Group by 584.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 456 shares during the last quarter. Mather Group LLC. increased its position in shares of Interactive Brokers Group by 70.4% during the 3rd quarter. Mather Group LLC. now owns 656 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 271 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in Interactive Brokers Group by 2,960.9% during the 3rd quarter. Activest Wealth Management now owns 704 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 681 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 0.5%

IBKR opened at $77.88 on Thursday. The business has a fifty day moving average of $87.30 and a 200 day moving average of $82.95. 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 $132.51 billion, a P/E ratio of 29.95, a PEG ratio of 1.27 and a beta of 1.37.

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

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders 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 annualized dividend and a dividend yield of 0.8%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s payout ratio is presently 13.46%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence Harris sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total value of $2,065,250.00. Following the transaction, the director owned 148,482 shares of the company’s stock, valued at $12,266,098.02. This represents a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Evercore started coverage on shares of Interactive Brokers Group in a report on Monday, October 12th. They set an “outperform” rating and a $100.00 price objective on the stock. Seaport Research Partners raised shares of Interactive Brokers Group to a “buy” rating in a report on Monday, October 12th. Piper Sandler set a $109.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Weiss Ratings cut Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. Finally, Rothschild & Co Redburn boosted their target price on Interactive Brokers Group from $94.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $102.87.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.