Fiduciary Family Office LLC Buys 29,523 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• Fiduciary Family Office LLC increased its stake in Interactive Brokers Group by 203.1%, acquiring an additional 29,523 shares in the second quarter, bringing their total ownership to 44,056 shares valued at approximately $2.4 million.
• Several large investors also made significant changes to their holdings, with Whittier Trust Co. raising their stake by 507.6% and others like Securian Asset Management and Crewe Advisors increasing their positions by 298.4% and 300.0% respectively.
• Interactive Brokers Group's recent earnings report showed an EPS of $0.57, beating estimates, while the company announced a $0.08 quarterly dividend to be paid on December 12th with a yield of 0.5%.

Fiduciary Family Office LLC grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 203.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,056 shares of the financial services provider's stock after purchasing an additional 29,523 shares during the quarter. Interactive Brokers Group makes up about 0.8% of Fiduciary Family Office LLC's holdings, making the stock its 19th largest position. Fiduciary Family Office LLC's holdings in Interactive Brokers Group were worth $2,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Whittier Trust Co. lifted its holdings in shares of Interactive Brokers Group by 507.6% in the second quarter. Whittier Trust Co. now owns 1,920 shares of the financial services provider's stock valued at $106,000 after purchasing an additional 1,604 shares in the last quarter. Securian Asset Management Inc. lifted its holdings in shares of Interactive Brokers Group by 298.4% in the second quarter. Securian Asset Management Inc. now owns 33,191 shares of the financial services provider's stock valued at $1,839,000 after purchasing an additional 24,860 shares in the last quarter. Phoenix Financial Ltd. bought a new position in shares of Interactive Brokers Group in the second quarter valued at approximately $1,172,000. Crewe Advisors LLC lifted its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. Crewe Advisors LLC now owns 10,192 shares of the financial services provider's stock valued at $565,000 after purchasing an additional 7,644 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in Interactive Brokers Group by 216.0% during the second quarter. Stephens Inc. AR now owns 6,120 shares of the financial services provider's stock worth $339,000 after acquiring an additional 4,183 shares during the period. Institutional investors own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Barclays set a $80.00 price target on Interactive Brokers Group and gave the stock an "overweight" rating in a report on Friday. Citigroup lifted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. The Goldman Sachs Group reiterated a "buy" rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday. Finally, BMO Capital Markets lifted their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an "outperform" rating in a report on Friday. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.34.

Insider Activity

In other news, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the transaction, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,205,683 shares of company stock valued at $77,217,965 in the last 90 days. Insiders own 2.97% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $66.94 on Tuesday. The firm has a market cap of $113.54 billion, a PE ratio of 32.14, a PEG ratio of 2.66 and a beta of 1.22. The stock's fifty day moving average price is $65.32 and its two-hundred day moving average price is $56.80. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business's revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 earnings per share. Sell-side analysts anticipate 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 will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is presently 15.38%.

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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