Inceptionr LLC Increases Stake in Interactive Brokers Group, Inc. $IBKR

Inceptionr LLC increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 82.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,569 shares of the financial services provider’s stock after acquiring an additional 7,053 shares during the period. Inceptionr LLC’s holdings in Interactive Brokers Group were worth $1,044,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Reflection Asset Management purchased a new position in Interactive Brokers Group during the fourth quarter worth approximately $26,000. IMA Advisory Services Inc. grew its stake in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares during the period. Tobam acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth $30,000. Entrust Financial LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth $31,000. Finally, SHP Wealth Management purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth $31,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. China Renaissance initiated coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating on the stock. Jefferies Financial Group reduced their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Barclays set a $114.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research report on Friday, May 1st. Finally, Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $96.89.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $91.74 on Friday. The stock’s 50-day moving average is $90.09 and its two-hundred day moving average is $79.44. The stock has a market cap of $155.62 billion, a PE ratio of 36.70, a P/E/G ratio of 2.02 and a beta of 1.33. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 2.64 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be given a $0.0875 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.