Interactive Brokers Group, Inc. $IBKR Shares Acquired by Wedmont Private Capital

Wedmont Private Capital increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 305.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,264 shares of the financial services provider's stock after acquiring an additional 3,967 shares during the period. Wedmont Private Capital's holdings in Interactive Brokers Group were worth $304,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in shares of Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider's stock valued at $98,886,000 after purchasing an additional 199,467 shares during the period. Thrive Wealth Management LLC boosted its holdings in shares of Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider's stock valued at $482,000 after acquiring an additional 6,163 shares during the period. Inspire Investing LLC boosted its holdings in shares of Interactive Brokers Group by 19.5% during the first quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock valued at $7,839,000 after acquiring an additional 7,734 shares during the period. First Hawaiian Bank lifted its holdings in Interactive Brokers Group by 334.1% in the first quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider's stock worth $1,251,000 after purchasing an additional 5,816 shares during the period. Finally, Fragasso Financial Advisors Inc lifted its holdings in Interactive Brokers Group by 338.5% in the second quarter. Fragasso Financial Advisors Inc now owns 30,072 shares of the financial services provider's stock worth $1,666,000 after purchasing an additional 23,214 shares during the period. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IBKR shares. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Citigroup upped their target price 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. Finally, Barclays raised their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $59.38.

Interactive Brokers Group Price Performance

IBKR opened at $65.03 on Monday. The business has a fifty day simple moving average of $63.27 and a 200 day simple moving average of $53.03. The company has a market capitalization of $110.30 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $68.07.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. Equities 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 declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were paid a $0.08 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares of the company's stock, valued at $31,146,635. The trade was a 29.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group 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 completion of the transaction, the chief financial officer directly owned 158,954 shares of the company's stock, valued at $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,075,018 shares of company stock valued at $68,746,758 over the last ninety days. Insiders own 2.97% of the company's stock.

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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