Petra Financial Advisors Inc. Raises Stock Position in Interactive Brokers Group, Inc. $IBKR

Petra Financial Advisors Inc. raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 669.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,054 shares of the financial services provider’s stock after buying an additional 8,748 shares during the period. Petra Financial Advisors Inc.’s holdings in Interactive Brokers Group were worth $557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group in the 1st quarter valued at approximately $26,000. Nvwm LLC acquired a new position in Interactive Brokers Group in the first quarter valued at $33,000. ASR Vermogensbeheer N.V. acquired a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. North Capital Inc. acquired a new stake in Interactive Brokers Group during the 1st quarter worth $49,000. Finally, Quarry LP boosted its stake in shares of Interactive Brokers Group by 486.3% during the first quarter. Quarry LP now owns 299 shares of the financial services provider’s stock worth $50,000 after buying an additional 248 shares during the period. Institutional investors and hedge funds 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 Interactive Brokers Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer owned 158,954 shares in the company, valued at $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. In the last three months, insiders sold 1,235,583 shares of company stock worth $79,247,235. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Trading Up 1.1%

IBKR stock opened at $69.49 on Tuesday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The firm has a market capitalization of $117.86 billion, a PE ratio of 33.37, a P/E/G ratio of 2.14 and a beta of 1.22. The firm has a 50-day moving average of $65.61 and a two-hundred day moving average of $57.79.

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

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IBKR shares. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. BMO Capital Markets upped their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Barclays set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.08.

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.