Interactive Brokers Group, Inc. $IBKR Stake Raised by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC increased its stake in Interactive Brokers Group, Inc. by 258.8% during the second quarter, now owning 33,361 shares valued at approximately $1.85 million.
• Interactive Brokers recently announced a quarterly dividend of $0.08 per share, with an annualized yield of 0.5%.
• CFO Paul Jonathan Brody sold 17,058 shares of stock, representing a 37.62% decrease in his position, while insiders collectively sold over 1.2 million shares valued at $77.2 million in the past three months.

SteelPeak Wealth LLC boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 258.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,361 shares of the financial services provider's stock after acquiring an additional 24,064 shares during the quarter. SteelPeak Wealth LLC's holdings in Interactive Brokers Group were worth $1,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBKR. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group in the first quarter worth about $26,000. ORG Partners LLC raised 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 worth $27,000 after acquiring an additional 363 shares in the last quarter. Contravisory Investment Management Inc. raised its position 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 worth $31,000 after acquiring an additional 423 shares in the last quarter. City Holding Co. bought a new stake in Interactive Brokers Group in the first quarter worth about $33,000. Finally, Nvwm LLC bought a new stake in Interactive Brokers Group in the first quarter worth about $33,000. 23.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the business's 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 directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 1,205,683 shares of company stock valued at $77,217,965. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $69.35 on Wednesday. The stock has a market cap of $117.63 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.86 and a beta of 1.22. The business has a 50 day simple moving average of $64.50 and a 200 day simple moving average of $54.99. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $71.78.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 EPS. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were issued 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 payout ratio is 16.49%.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research reports. BMO Capital Markets initiated coverage on shares of Interactive Brokers Group in a research report on Friday, October 3rd. They issued an "outperform" rating and a $82.00 price target on the stock. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Citigroup lifted 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Interactive Brokers Group in a research note on Saturday, September 27th. Finally, Zacks Research cut Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and an average price target of $64.47.

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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