Independent Solutions Wealth Management LLC Has $2.25 Million Stake in Interactive Brokers Group, Inc. $IBKR

Key Points

• Independent Solutions Wealth Management LLC increased its stake in Interactive Brokers Group by 463.8%, owning 40,529 shares worth $2.25 million as of their latest SEC filing.
• Interactive Brokers Group reported earnings of $0.51 per share for the last quarter, exceeding analysts' expectations of $0.46, with a revenue increase of 14.7% year-over-year.
• The company recently declared a quarterly dividend of $0.08 per share, resulting in an annualized yield of 0.5% with a dividend payout ratio of 16.49%.

Independent Solutions Wealth Management LLC increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 463.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,529 shares of the financial services provider's stock after purchasing an additional 33,341 shares during the period. Independent Solutions Wealth Management LLC's holdings in Interactive Brokers Group were worth $2,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Compound Planning Inc. lifted its holdings in 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 worth $958,000 after acquiring an additional 62 shares in the last quarter. CWM LLC grew its position in shares of Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after purchasing an additional 66 shares during the period. Crossmark Global Holdings Inc. increased its stake in Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock worth $1,410,000 after purchasing an additional 70 shares in the last quarter. USS Investment Management Ltd boosted its holdings in shares of Interactive Brokers Group by 0.4% in 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 buying an additional 76 shares during the period. Finally, Ritholtz Wealth Management lifted its position in Interactive Brokers Group by 4.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after acquiring an additional 79 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $69.61 on Tuesday. The business has a 50-day simple moving average of $64.42 and a 200 day simple moving average of $54.89. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $71.78. The firm has a market capitalization of $118.07 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.89 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm posted $1.76 EPS. Interactive Brokers Group's quarterly revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were paid 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 was Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 16.49%.

Insider Buying and Selling

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 1,205,683 shares of company stock worth $77,217,965. Corporate insiders own 2.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Citigroup raised their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of Interactive Brokers Group in a research note on Saturday, September 27th. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus price target of $64.47.

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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