NWF Advisory Services Inc. Reduces Holdings in Interactive Brokers Group, Inc. $IBKR

NWF Advisory Services Inc. reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 61.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,554 shares of the financial services provider’s stock after selling 28,259 shares during the quarter. NWF Advisory Services Inc.’s holdings in Interactive Brokers Group were worth $1,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HM Payson & Co. boosted its stake in Interactive Brokers Group by 5.8% in the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 133 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 143 shares in the last quarter. Caitlin John LLC increased its position in shares of Interactive Brokers Group by 0.6% during the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after purchasing an additional 153 shares in the last quarter. S&CO Inc. lifted its holdings in shares of Interactive Brokers Group by 0.3% in the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after purchasing an additional 160 shares during the last quarter. Finally, Thrive Wealth Management LLC lifted its holdings in shares of Interactive Brokers Group by 1.8% in the 4th quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 162 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $96.00 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $49.30 and a fifty-two week high of $97.81. The company has a market capitalization of $162.85 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 2.65 and a beta of 1.32. The firm has a 50-day simple moving average of $83.78 and a 200-day simple moving average of $74.53.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company posted $1.94 earnings per share. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a $0.0875 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays upped their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Wolfe Research began coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective for the company. Piper Sandler raised their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.22.

Interactive Brokers Group 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.