Everpar Advisors LLC Has $864,000 Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Everpar Advisors LLC increased its holdings in Interactive Brokers Group, Inc. by 231.9%, acquiring a total of 15,588 shares valued at $864,000.
• Analysts have raised their price targets for Interactive Brokers Group, with Barclays setting a new target of $73.00 and Citigroup increasing it to $60.00, reflecting positive sentiment around the company's performance.
• Interactive Brokers Group recently announced a quarterly dividend of $0.08 per share, leading to an annualized yield of 0.5% and a payout ratio of 16.49%.

Everpar Advisors LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 231.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,588 shares of the financial services provider's stock after purchasing an additional 10,891 shares during the period. Everpar Advisors LLC's holdings in Interactive Brokers Group were worth $864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chemistry Wealth Management LLC acquired a new stake in Interactive Brokers Group during the second quarter worth $293,000. Rise Advisors LLC boosted its position in shares of Interactive Brokers Group by 300.9% during the 2nd quarter. Rise Advisors LLC now owns 862 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 647 shares in the last quarter. RV Capital AG boosted its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock valued at $47,094,000 after acquiring an additional 637,440 shares in the last quarter. Richard P Slaughter Associates Inc increased its stake in Interactive Brokers Group by 107.3% in the second quarter. Richard P Slaughter Associates Inc now owns 7,824 shares of the financial services provider's stock valued at $434,000 after acquiring an additional 4,050 shares during the period. Finally, NBC Securities Inc. raised its position in Interactive Brokers Group by 320.3% in the second quarter. NBC Securities Inc. now owns 14,156 shares of the financial services provider's stock worth $784,000 after purchasing an additional 10,788 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Citigroup upped their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Piper Sandler increased their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Jonathan Brody sold 112,574 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $63.23, for a total transaction of $7,118,054.02. Following the completion of the sale, the chief financial officer directly owned 675,027 shares of the company's stock, valued at approximately $42,681,957.21. This represents a 14.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 656,154 shares of company stock valued at $42,299,977. Insiders own 2.97% of the company's stock.

Interactive Brokers Group Price Performance

IBKR stock opened at $62.25 on Tuesday. The business has a fifty day moving average price of $62.82 and a 200 day moving average price of $52.62. Interactive Brokers Group, Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $68.07. The stock has a market capitalization of $105.58 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.59 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The business's revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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