17,494 Shares of Interactive Brokers Group, Inc. $IBKR Bought by Westwind Capital

Westwind Capital bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, Holdings Channel reports. The fund bought 17,494 shares of the financial services provider’s stock, valued at approximately $1,494,000.

Several other institutional investors also recently modified their holdings of the business. Fiduciary Financial Group LLC raised its stake in shares of Interactive Brokers Group by 3.1% during the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock worth $345,000 after buying an additional 118 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Interactive Brokers Group by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock valued at $1,172,000 after acquiring an additional 150 shares during the last quarter. Sumitomo Life Insurance Co. grew its holdings in Interactive Brokers Group by 0.3% during the 4th quarter. Sumitomo Life Insurance Co. now owns 58,550 shares of the financial services provider’s stock worth $3,765,000 after acquiring an additional 170 shares during the period. Everhart Financial Group Inc. raised its position in shares of Interactive Brokers Group by 3.8% during the 3rd quarter. Everhart Financial Group Inc. now owns 5,167 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 191 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Interactive Brokers Group by 62.2% during the 3rd quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 1.4%

Shares of IBKR traded down $1.27 during trading hours on Thursday, reaching $86.47. The stock had a trading volume of 2,997,232 shares, compared to its average volume of 4,706,049. The firm has a 50-day moving average of $90.62 and a 200 day moving average of $86.30. The company has a market cap of $147.12 billion, a P/E ratio of 34.59, a P/E/G ratio of 1.61 and a beta of 1.37. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Interactive Brokers Group’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 24th. Weiss Ratings downgraded Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Raymond James Financial initiated coverage on Interactive Brokers Group in a research note on Wednesday, August 26th. They issued a “market perform” rating on the stock. The Goldman Sachs Group restated a “buy” rating and set a $111.00 target price on shares of Interactive Brokers Group in a report on Thursday, October 1st. Finally, China Renaissance began coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $99.92.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.