Interactive Brokers Group, Inc. $IBKR Shares Purchased by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management LLC increased its stake in Interactive Brokers Group by 248.4% in Q2, now owning 7,953 shares valued at approximately $441,000.
• Insider transactions include Vice Chairman Earl H. Nemser selling 194,086 shares worth over $13 million, and CFO Paul Jonathan Brody selling 116,861 shares for about $7.6 million.
• Recent analyst ratings show an average target price of $71.34 for IBKR, with seven analysts recommending a "Buy" and three a "Hold".

Axxcess Wealth Management LLC boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 248.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,953 shares of the financial services provider's stock after purchasing an additional 5,670 shares during the period. Axxcess Wealth Management LLC's holdings in Interactive Brokers Group were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group in the first quarter valued at about $26,000. ORG Partners LLC lifted its position in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 363 shares during the period. Contravisory Investment Management Inc. increased its holdings in Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock valued at $31,000 after buying an additional 423 shares in the last quarter. Nvwm LLC purchased a new position in Interactive Brokers Group in the first quarter valued at about $33,000. Finally, ASR Vermogensbeheer N.V. purchased a new position in Interactive Brokers Group in the first quarter valued at about $33,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group 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 sale, the insider 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 transaction was disclosed in a filing with the SEC, which is accessible through 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 stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the sale, the chief financial officer directly owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,205,683 shares of company stock worth $77,217,965 in the last 90 days. Company insiders own 2.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the company an "overweight" rating in a report on Friday. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $91.00 target price on shares of Interactive Brokers Group in a report on Friday. Zacks Research cut shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an "outperform" rating in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $71.34.

Interactive Brokers Group Stock Performance

IBKR stock opened at $66.23 on Friday. The stock has a market capitalization of $112.34 billion, a P/E ratio of 31.80, a PEG ratio of 2.80 and a beta of 1.22. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The company has a 50 day moving average price of $65.30 and a two-hundred day moving average price of $56.38.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.66 billion during 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%. Interactive Brokers Group's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 EPS. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group's dividend payout ratio (DPR) is 16.49%.

Interactive Brokers Group 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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