Fiduciary Family Office LLC Takes $2.41 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• Fiduciary Family Office LLC has purchased 14,533 shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR), valued at approximately $2.4 million, making it the 20th largest holding in their investment portfolio.
• In a recent transaction, Vice Chairman Earl H. Nemser sold 39,786 shares at an average price of $66.38, resulting in a decrease of nearly 10% in his ownership of the company.
• Analysts have mixed ratings on IBKR, with Barclays increasing its price target to $73.00 and Bank of America lowering it to $60.75, reflecting varying outlooks on the company's future performance.

Fiduciary Family Office LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,533 shares of the financial services provider's stock, valued at approximately $2,407,000. Interactive Brokers Group makes up approximately 0.8% of Fiduciary Family Office LLC's portfolio, making the stock its 20th biggest holding.

Several other large investors have also modified their holdings of IBKR. N.E.W. Advisory Services LLC acquired a new position in Interactive Brokers Group during the first quarter valued at $26,000. City Holding Co. acquired a new position in Interactive Brokers Group during the first quarter valued at $33,000. Nvwm LLC acquired a new position in Interactive Brokers Group during the first quarter valued at $33,000. ASR Vermogensbeheer N.V. acquired a new position in Interactive Brokers Group during the first quarter valued at $33,000. Finally, Bellwether Advisors LLC acquired a new position in Interactive Brokers Group during the fourth quarter valued at $35,000. 23.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on IBKR shares. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Citigroup increased their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Piper Sandler increased their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Bank of America cut their price objective on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.38.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 39,786 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $66.38, for a total transaction of $2,640,994.68. Following the transaction, the insider directly owned 360,114 shares in the company, valued at $23,904,367.32. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.97% of the stock is currently owned by company insiders.

Interactive Brokers Group Trading Up 0.4%

NASDAQ IBKR traded up $0.27 during trading on Monday, hitting $66.18. 2,660,635 shares of the company traded hands, compared to its average volume of 5,604,469. Interactive Brokers Group, Inc. has a 12 month low of $29.08 and a 12 month high of $66.82. The business has a fifty day simple moving average of $57.93 and a 200 day simple moving average of $51.26. The company has a market capitalization of $111.88 billion, a P/E ratio of 34.03, a PEG ratio of 2.69 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company earned $1.76 earnings per share. The business's revenue was up 14.7% compared to the same quarter last year. Equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 16.49%.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.