Maridea Wealth Management LLC Invests $524,000 in Interactive Brokers Group, Inc. $IBKR

Key Points

• Maridea Wealth Management LLC invested approximately $524,000 in Interactive Brokers Group, acquiring 9,452 shares in the 2nd quarter.
• Interactive Brokers reported a quarterly EPS of $0.51, surpassing estimates, with a year-over-year revenue increase of 14.7% to $1.48 billion.
• The company announced a quarterly dividend of $0.08 per share, reflecting an annualized yield of 0.5% and a payout ratio of 16.49%.

Maridea Wealth Management LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,452 shares of the financial services provider's stock, valued at approximately $524,000.

Other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in Interactive Brokers Group in the first quarter valued at $26,000. Contravisory Investment Management Inc. increased its position in Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 423 shares during the period. City Holding Co. acquired a new position in Interactive Brokers Group in the 1st quarter valued at about $33,000. Nvwm LLC purchased a new stake in Interactive Brokers Group during the 1st quarter valued at approximately $33,000. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Interactive Brokers Group during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $64.97 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $68.07. The stock has a fifty day moving average price of $63.69 and a two-hundred day moving average price of $53.46. The stock has a market capitalization of $110.20 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.62 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results 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 company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business's revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Shareholders of record on Monday, September 1st were given a dividend of $0.08 per share. 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 dividend payout ratio is presently 16.49%.

Analysts Set New Price Targets

IBKR has been the topic of a number of recent research reports. Citigroup boosted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Barclays upped their price objective on shares of 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, Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target of $59.38.

Insider Buying and Selling at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 14,391 shares of the firm'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 completion of the transaction, the chief financial officer directly owned 59,643 shares of the company's stock, valued at $3,865,462.83. This trade represents a 19.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.

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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