NorthRock Partners LLC Invests $311,000 in Interactive Brokers Group, Inc. $IBKR

NorthRock Partners LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,632 shares of the financial services provider’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Compound Planning Inc. grew its position in shares of Interactive Brokers Group by 1.1% during the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock valued at $958,000 after buying an additional 62 shares during the last quarter. CWM LLC grew its position in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Interactive Brokers Group by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock worth $1,410,000 after purchasing an additional 70 shares during the last quarter. USS Investment Management Ltd grew its position in Interactive Brokers Group by 0.4% in the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after purchasing an additional 76 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in Interactive Brokers Group by 4.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In related news, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares of the company’s stock, valued at $1,860,850.42. This represents a 37.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 1,205,683 shares of company stock worth $77,217,965 over the last ninety days. 2.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IBKR has been the subject of several recent analyst reports. Barclays restated an “overweight” rating and issued a $81.00 target price (up previously from $73.00) on shares of Interactive Brokers Group in a research report on Wednesday, October 8th. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Tuesday. Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.34.

Interactive Brokers Group Trading Down 1.8%

Shares of NASDAQ:IBKR opened at $68.52 on Friday. The company has a 50 day moving average of $65.30 and a 200-day moving average of $56.22. The firm has a market cap of $116.22 billion, a P/E ratio of 35.23, a P/E/G ratio of 2.85 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) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

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.