Brady Martz Wealth Solutions LLC Increases Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Brady Martz Wealth Solutions LLC increased its stake in Interactive Brokers Group, Inc. by 300%, purchasing an additional 5,373 shares, bringing their total holdings to 7,164 shares valued at approximately $397,000.
• Multiple institutional investors have also increased their holdings, including Vanguard Group, which raised its position by 2.8%, now owning over 10 million shares valued at about $1.7 billion.
• Interactive Brokers reported a quarterly earnings per share (EPS) of $0.51, surpassing consensus estimates of $0.46, alongside a revenue of $1.48 billion, which reflects a 14.7% increase year-over-year.

Brady Martz Wealth Solutions LLC increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 300.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,164 shares of the financial services provider's stock after buying an additional 5,373 shares during the quarter. Brady Martz Wealth Solutions LLC's holdings in Interactive Brokers Group were worth $397,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of IBKR. American Century Companies Inc. grew 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 buying an additional 1,343,007 shares in the last quarter. RV Capital AG raised its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock valued at $47,094,000 after purchasing an additional 637,440 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Interactive Brokers Group by 22,211.1% during the first quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock valued at $701,950,000 after purchasing an additional 422,010 shares in the last quarter. KBC Group NV lifted its position in shares of Interactive Brokers Group by 255.1% during the first quarter. KBC Group NV now owns 522,221 shares of the financial services provider's stock valued at $86,474,000 after purchasing an additional 375,173 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of 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 valued at $184,668,000 after purchasing an additional 349,255 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on IBKR shares. Citigroup raised 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 report on Monday, July 7th. 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 price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Piper Sandler lifted their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the sale, the insider directly owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction on 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. This trade represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,075,018 shares of company stock worth $68,746,758. Corporate insiders own 2.97% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR traded down $0.81 during mid-day trading on Monday, hitting $64.22. The stock had a trading volume of 4,775,825 shares, compared to its average volume of 10,508,868. The firm has a market cap of $108.93 billion, a P/E ratio of 33.02, a PEG ratio of 2.65 and a beta of 1.23. The business has a fifty day moving average price of $63.37 and a 200-day moving average price of $53.14. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its 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. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business's revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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