Joel Isaacson & Co. LLC Acquires 7,455 Shares of Interactive Brokers Group, Inc. $IBKR

Key Points

• Joel Isaacson & Co. LLC significantly increased its stake in Interactive Brokers Group, acquiring an additional 7,455 shares, bringing their total holdings to 9,935 shares valued at approximately $550,000.
• Several institutional investors have also increased their positions in Interactive Brokers Group, contributing to a total of 23.80% of the company's stock being owned by institutional investors and hedge funds.
• Wall Street analysts have mixed ratings on the stock, with a consensus view of a "Moderate Buy" and a target price of $64.47, indicating potential growth for investors.

Joel Isaacson & Co. LLC increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 300.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,935 shares of the financial services provider's stock after acquiring an additional 7,455 shares during the period. Joel Isaacson & Co. LLC's holdings in Interactive Brokers Group were worth $550,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBKR. UMB Bank n.a. lifted its holdings in Interactive Brokers Group by 136.3% during the 1st quarter. UMB Bank n.a. now owns 1,153 shares of the financial services provider's stock worth $191,000 after buying an additional 665 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Interactive Brokers Group by 6.4% during the 1st quarter. First Citizens Bank & Trust Co. now owns 2,544 shares of the financial services provider's stock worth $421,000 after buying an additional 154 shares in the last quarter. City Holding Co. acquired a new position in Interactive Brokers Group during the 1st quarter worth $33,000. GAMMA Investing LLC lifted its holdings in Interactive Brokers Group by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 2,560 shares of the financial services provider's stock worth $424,000 after buying an additional 660 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new position in Interactive Brokers Group during the 1st quarter worth $127,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research reports. BMO Capital Markets initiated coverage on Interactive Brokers Group in a report on Friday, October 3rd. They set an "outperform" rating and a $82.00 price objective on the stock. Barclays upped their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Piper Sandler increased their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Zacks Research downgraded Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.47.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the firm's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer owned 28,289 shares of the company's stock, valued at approximately $1,860,850.42. This trade represents a 37.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 1,205,683 shares of company stock worth $77,217,965. Company insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Down 0.4%

IBKR stock opened at $69.35 on Wednesday. The business's fifty day moving average is $64.50 and its 200-day moving average is $54.99. The company has a market cap of $117.63 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $71.78.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion for 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 revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 EPS. Research 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 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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