Crewe Advisors LLC Has $565,000 Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Crewe Advisors LLC increased its holdings in Interactive Brokers Group by 300%, owning 10,192 shares valued at $565,000 as of its latest SEC filing.
• Interactive Brokers Group's recent earnings report exceeded estimates with an EPS of $0.57 and revenue of $1.66 billion, reflecting a 21.2% increase year-over-year.
• The company also announced a quarterly dividend of $0.08, payable on December 12th, representing a 0.5% dividend yield.

Crewe Advisors LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 300.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,192 shares of the financial services provider's stock after acquiring an additional 7,644 shares during the quarter. Crewe Advisors LLC's holdings in Interactive Brokers Group were worth $565,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Compound Planning Inc. raised its holdings in shares of Interactive Brokers Group by 1.1% during the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock valued at $958,000 after acquiring an additional 62 shares during the period. CWM LLC raised its holdings in shares of Interactive Brokers Group by 6.6% during the first quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after acquiring an additional 66 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Interactive Brokers Group by 0.8% during the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after acquiring an additional 70 shares during the period. USS Investment Management Ltd grew its position in Interactive Brokers Group by 0.4% during the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock valued at $3,339,000 after purchasing an additional 76 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its position in Interactive Brokers Group by 3.3% during the first quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider's stock valued at $411,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Down 3.3%

IBKR stock opened at $66.23 on Monday. The company has a market capitalization of $112.34 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 2.66 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The firm has a 50 day moving average of $65.30 and a two-hundred day moving average of $56.59.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 earnings per share. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group's payout ratio is currently 15.38%.

Insider Buying and Selling

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the business'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 value of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares of the company's stock, valued at $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,205,683 shares of company stock valued at $77,217,965 over the last ninety days. Insiders own 2.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IBKR shares. Citigroup boosted their price objective 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. The Goldman Sachs Group reaffirmed a "buy" rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an "outperform" rating in a research report on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. Finally, Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an "overweight" rating in a research report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.34.

About Interactive Brokers Group

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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