Interactive Brokers Group, Inc. $IBKR Stake Lifted by Parallel Advisors LLC

Parallel Advisors LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 341.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,759 shares of the financial services provider’s stock after purchasing an additional 6,003 shares during the period. Parallel Advisors LLC’s holdings in Interactive Brokers Group were worth $520,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IBKR. Reflection Asset Management bought a new position in Interactive Brokers Group during the 4th quarter valued at $26,000. IMA Advisory Services Inc. raised its stake in shares of Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares in the last quarter. Tobam bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth $30,000. Entrust Financial LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $31,000. Finally, SHP Wealth Management acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $31,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $91.74 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $97.84. The firm has a market capitalization of $155.62 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 2.02 and a beta of 1.33. The company has a 50 day moving average price of $90.09 and a 200 day moving average price of $79.44.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $0.51 EPS. The company’s revenue was up 28.1% on a year-over-year basis. Equities analysts forecast that Interactive Brokers Group, Inc. will post 2.64 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. The ex-dividend date is Tuesday, September 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 currently 14.00%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the company’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 transaction, the director directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IBKR shares. Wolfe Research started coverage on Interactive Brokers Group in a research note on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. Jefferies Financial Group cut their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Piper Sandler set a $109.00 price target on Interactive Brokers Group in a research report on Wednesday. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.89.

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.