Meadow Creek Wealth Advisors LLC Purchases Shares of 4,600 Interactive Brokers Group, Inc. $IBKR

Key Points

• Meadow Creek Wealth Advisors LLC has purchased 4,600 shares of Interactive Brokers Group, Inc. valued at approximately $255,000 during the second quarter.
• According to recent reports, several hedge funds have significantly increased their stakes in Interactive Brokers, with Cantillon Capital Management LLC boosting its position by 288.7% to own over 12.8 million shares.
• Interactive Brokers has declared a quarterly dividend of $0.08 per share to be paid on December 12, reflecting a 0.5% dividend yield.

Meadow Creek Wealth Advisors LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,600 shares of the financial services provider's stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cantillon Capital Management LLC boosted its position in Interactive Brokers Group by 288.7% during the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider's stock worth $709,449,000 after purchasing an additional 9,509,805 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Interactive Brokers Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock worth $1,714,108,000 after acquiring an additional 280,004 shares during the period. American Century Companies Inc. grew its position in shares of Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock valued at $237,453,000 after purchasing an additional 1,343,007 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Interactive Brokers Group by 13.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider's stock worth $203,710,000 after purchasing an additional 145,870 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Interactive Brokers Group by 45.6% in the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock valued at $184,668,000 after buying an additional 349,255 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the sale, the chief financial officer directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,205,683 shares of company stock worth $77,217,965. 2.97% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an "outperform" rating in a report on Friday, October 17th. Zacks Research cut shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Barclays set a $80.00 price target on shares of Interactive Brokers Group and gave the company an "overweight" rating in a research report on Friday. Finally, Citigroup lifted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.34.

Interactive Brokers Group Stock Down 1.0%

NASDAQ:IBKR opened at $66.27 on Wednesday. The stock's 50-day simple moving average is $65.29 and its 200 day simple moving average is $56.86. The firm has a market capitalization of $112.40 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.09 and a beta of 1.22. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the business posted $1.61 EPS. Interactive Brokers Group's revenue for the quarter was up 21.2% on a year-over-year basis. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be given a dividend of $0.08 per share. 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 15.38%.

Interactive Brokers Group Company 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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