Ameliora Wealth Management Ltd. Buys 4,060 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• Ameliora Wealth Management Ltd. increased its stake in Interactive Brokers Group by 531.4%, acquiring an additional 4,060 shares, bringing their total holdings to 4,824 shares valued at approximately $267,000.
• Insider trading activity included significant sales, with CFO Paul Jonathan Brody selling 116,861 shares and Vice Chairman Earl H. Nemser selling 194,086 shares, indicating a decrease in their positions by 42.37% and 29.60%, respectively.
• Research analysts have positive sentiments towards Interactive Brokers, with 1 "Strong Buy", 6 "Buy", and 3 "Hold" ratings, and an average price target raised to $64.47.

Ameliora Wealth Management Ltd. grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 531.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,824 shares of the financial services provider's stock after buying an additional 4,060 shares during the period. Ameliora Wealth Management Ltd.'s holdings in Interactive Brokers Group were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of IBKR. UMB Bank n.a. boosted its stake in shares of Interactive Brokers Group by 136.3% during the first quarter. UMB Bank n.a. now owns 1,153 shares of the financial services provider's stock valued at $191,000 after purchasing an additional 665 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in shares of Interactive Brokers Group by 6.4% in the 1st quarter. First Citizens Bank & Trust Co. now owns 2,544 shares of the financial services provider's stock valued at $421,000 after buying an additional 154 shares in the last quarter. City Holding Co. bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. GAMMA Investing LLC boosted its holdings in shares of Interactive Brokers Group by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 2,560 shares of the financial services provider's stock valued at $424,000 after buying an additional 660 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at approximately $132,000. Institutional investors own 23.80% of the company's stock.

Insiders Place Their Bets

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares of the company's stock, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares of the company's stock, valued at $31,146,635. The trade was a 29.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,205,683 shares of company stock valued at $77,217,965. Company insiders own 2.97% of the company's stock.

Wall Street Analyst Weigh In

IBKR has been the subject of several research analyst reports. 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 lifted their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Citigroup lifted their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. BMO Capital Markets began coverage on shares of Interactive Brokers Group in a research note on Friday. They issued an "outperform" rating and a $82.00 price target on the stock. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Interactive Brokers Group in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.47.

Interactive Brokers Group Trading Down 1.1%

Shares of 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 12-month low of $32.82 and a 12-month high of $71.78. The firm has a market cap of $118.07 billion, a PE 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 earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company earned $1.76 earnings per share. Interactive Brokers Group's quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

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.

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