4,100 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Capital Advisors Inc. OK

Key Points

• Capital Advisors Inc. OK acquired 4,100 shares of Interactive Brokers Group, valued at approximately $227,000, as per its Form 13F filing.
• Insider trading activity saw CFO Paul Jonathan Brody selling 17,058 shares valued at over $1.1 million, which decreased his ownership by 37.62%.
• Several research firms have recently upgraded their ratings on Interactive Brokers, with Citigroup raising the target price to $60.00 and BMO Capital Markets giving it an "outperform" rating.

Capital Advisors Inc. OK purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,100 shares of the financial services provider's stock, valued at approximately $227,000.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider's stock worth $98,886,000 after purchasing an additional 199,467 shares during the last quarter. Thrive Wealth Management LLC raised its stake in shares of Interactive Brokers Group by 243.8% during the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider's stock valued at $482,000 after buying an additional 6,163 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Interactive Brokers Group by 1,093.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider's stock valued at $409,000 after buying an additional 6,760 shares during the period. Inspire Investing LLC boosted its stake in shares of Interactive Brokers Group by 19.5% in the first quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock worth $7,839,000 after buying an additional 7,734 shares during the last quarter. Finally, Swedbank AB boosted its stake in shares of Interactive Brokers Group by 300.0% in the second quarter. Swedbank AB now owns 34,080 shares of the financial services provider's stock worth $1,888,000 after buying an additional 25,560 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the business's stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,205,683 shares of company stock valued at $77,217,965 over the last quarter. Insiders own 2.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBKR. Citigroup lifted their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Interactive Brokers Group in a report on Saturday, September 27th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. BMO Capital Markets assumed coverage on Interactive Brokers Group in a research report on Friday. They set an "outperform" rating and a $82.00 target price on the stock. Finally, Barclays lifted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.47.

Interactive Brokers Group Stock Down 1.1%

Shares of NASDAQ IBKR opened at $69.61 on Tuesday. The company's 50-day simple moving average is $64.42 and its 200-day simple moving average is $54.89. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $71.78. The firm has a market cap of $118.07 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 2.89 and a beta of 1.22.

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

Interactive Brokers Group Announces Dividend

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

Interactive Brokers Group Profile

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.

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