4,161 Shares in Interactive Brokers Group, Inc. $IBKR Purchased by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors LLC acquired 4,161 shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR), valued at approximately $231,000, during the second quarter.
• In the first quarter, several institutional investors, including Vanguard Group Inc. and American Century Companies Inc., significantly increased their stakes in Interactive Brokers Group, showcasing strong institutional interest.
• Interactive Brokers recently announced a quarterly dividend of $0.08 per share, representing an annualized yield of 0.5%, and reported earnings of $0.51 EPS, beating estimates.

Kingswood Wealth Advisors LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,161 shares of the financial services provider's stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Interactive Brokers Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock worth $1,714,108,000 after purchasing an additional 280,004 shares during the last quarter. American Century Companies Inc. boosted its holdings in Interactive Brokers Group by 1,476.3% during the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after purchasing an additional 1,343,007 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Interactive Brokers Group by 13.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider's stock worth $203,710,000 after purchasing an additional 145,870 shares during the last quarter. Invesco Ltd. boosted its holdings in Interactive Brokers Group by 45.6% during the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock worth $184,668,000 after purchasing an additional 349,255 shares during the last quarter. Finally, Northern Trust Corp raised its position in Interactive Brokers Group by 8.7% in the first quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider's stock worth $157,770,000 after acquiring an additional 76,283 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 5.0%

NASDAQ IBKR opened at $69.01 on Friday. The company's 50 day moving average is $64.87 and its 200-day moving average is $55.55. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35. The firm has a market cap of $117.05 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 2.83 and a beta of 1.22.

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

Interactive Brokers Group Announces Dividend

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

Analyst Ratings Changes

IBKR has been the topic of several research reports. Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Interactive Brokers Group in a research 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 report on Saturday, June 21st. Barclays reaffirmed an "overweight" rating and issued a $81.00 price objective (up previously from $73.00) on shares of Interactive Brokers Group in a research report on Wednesday. Finally, Citigroup lifted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $65.47.

Insiders Place Their Bets

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the company's stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer owned 28,289 shares of the company's stock, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 1,205,683 shares of company stock worth $77,217,965. Corporate insiders own 2.97% of the company's stock.

Interactive Brokers Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.