LVW Advisors LLC Has $996,000 Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• LVW Advisors LLC increased its holdings in Interactive Brokers Group by 187.5% in the second quarter, now owning shares valued at $996,000.
• Insider activity includes CFO Paul Jonathan Brody selling 14,391 shares at an average price of $64.81, decreasing his position by 19.44%.
• Interactive Brokers Group's stock received upgraded ratings from several analysts, with Citigroup raising the price target to $60.00 and Barclays to $73.00, reflecting a consensus rating of "Moderate Buy."

LVW Advisors LLC grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 187.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,982 shares of the financial services provider's stock after buying an additional 11,727 shares during the period. LVW Advisors LLC's holdings in Interactive Brokers Group were worth $996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth about $26,000. ORG Partners LLC lifted its position in shares of Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock worth $31,000 after purchasing an additional 423 shares during the last quarter. City Holding Co. acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth about $33,000. Finally, Nvwm LLC acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth 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 other news, CFO Paul Jonathan Brody sold 14,391 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $64.81, for a total value of $932,680.71. Following the sale, the chief financial officer directly owned 59,643 shares in the company, valued at approximately $3,865,462.83. This represents a 19.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 1,174,329 shares of company stock valued at $75,169,366. Corporate insiders own 2.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBKR. Citigroup boosted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Barclays boosted their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Piper Sandler boosted their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Stock Up 1.8%

Interactive Brokers Group stock opened at $66.12 on Friday. The business has a 50 day moving average price of $63.74 and a two-hundred day moving average price of $53.63. The stock has a market cap of $112.15 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 2.64 and a beta of 1.23. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted 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 firm 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 company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 EPS. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, September 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio is 16.49%.

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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