Cottonwood Capital Advisors LLC Has $775,000 Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Cottonwood Capital Advisors LLC increased its holdings in Interactive Brokers Group by 295.2% during the second quarter, owning 13,982 shares valued at $775,000.
• Interactive Brokers reported a strong earnings performance with $0.57 EPS, surpassing expectations of $0.49, and a revenue increase of 21.2% year-over-year.
• The company has announced a quarterly dividend of $0.08 per share to be paid on December 12, with a yield of 0.5% and a payout ratio of 15.38%.

Cottonwood Capital Advisors LLC boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 295.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,982 shares of the financial services provider's stock after purchasing an additional 10,444 shares during the period. Cottonwood Capital Advisors LLC's holdings in Interactive Brokers Group were worth $775,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group in the first quarter valued at approximately $26,000. ORG Partners LLC raised its stake in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock valued at $27,000 after buying an additional 363 shares during the period. Contravisory Investment Management Inc. raised its stake in Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock valued at $31,000 after buying an additional 423 shares during the period. Private Wealth Asset Management LLC raised its stake in Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider's stock valued at $32,000 after buying an additional 435 shares during the period. Finally, Nvwm LLC bought a new stake in Interactive Brokers Group in the first quarter valued at approximately $33,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $66.23 on Friday. The stock's fifty day moving average price is $65.30 and its two-hundred day moving average price is $56.38. The company has a market cap of $112.34 billion, a PE ratio of 31.80, a P/E/G ratio of 2.80 and a beta of 1.22. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.08. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.17% and a net margin of 10.12%.The company's revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is 15.38%.

Insider Buying and Selling at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the firm's stock in a transaction 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 sale, the chief financial officer owned 28,289 shares of the company's stock, valued at $1,860,850.42. This trade represents a 37.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 1,205,683 shares of company stock worth $77,217,965. Company insiders own 2.97% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on IBKR shares. The Goldman Sachs Group restated a "buy" rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday. Zacks Research lowered Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an "overweight" rating in a research note on Tuesday. Citigroup increased their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $71.34.

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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