Dumont & Blake Investment Advisors LLC Has $1.81 Million Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Dumont & Blake Investment Advisors LLC increased its stake in Interactive Brokers Group by 306.6% in the second quarter, now owning 32,636 shares worth approximately $1.81 million.
• Analysts have set various price targets for the stock, with Barclays at $80.00, Goldman Sachs at $91.00, and BMO Capital Markets raising theirs from $82.00 to $84.00.
• Interactive Brokers recently declared a quarterly dividend of $0.08 per share, with a dividend yield of 0.5%, to be paid on December 12th.

Dumont & Blake Investment Advisors LLC lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 306.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,636 shares of the financial services provider's stock after purchasing an additional 24,609 shares during the period. Dumont & Blake Investment Advisors LLC's holdings in Interactive Brokers Group were worth $1,808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IBKR. GAMMA Investing LLC increased its holdings in shares of Interactive Brokers Group by 34.7% in the first quarter. GAMMA Investing LLC now owns 2,560 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 660 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Interactive Brokers Group by 245.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 48,364 shares of the financial services provider's stock valued at $8,009,000 after purchasing an additional 34,364 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Interactive Brokers Group by 4.1% in the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 79 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Interactive Brokers Group by 3.7% in the first quarter. QRG Capital Management Inc. now owns 5,857 shares of the financial services provider's stock valued at $970,000 after purchasing an additional 208 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Interactive Brokers Group by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 12,756 shares of the financial services provider's stock worth $2,112,000 after acquiring an additional 340 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on IBKR. Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a report on Friday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $91.00 target price on shares of Interactive Brokers Group in a report on Friday. BMO Capital Markets lifted their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an "outperform" rating in a report on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $71.34.

Insiders Place Their Bets

In related news, CFO Paul Jonathan Brody sold 116,861 shares of the business's 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 sale, the chief financial officer directly 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 transaction was disclosed in a legal filing 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 on 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 sale, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,205,683 shares of company stock worth $77,217,965. Insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Down 3.3%

Shares of NASDAQ IBKR opened at $66.23 on Friday. The company's fifty day moving average is $65.30 and its 200-day moving average is $56.47. The stock has a market cap of $112.34 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 2.71 and a beta of 1.22. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.08. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.17%. The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $1.61 earnings per share. On average, research analysts anticipate 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 will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group's dividend payout ratio (DPR) is currently 15.38%.

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.

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.