Prevail Innovative Wealth Advisors LLC Invests $4.83 Million in Interactive Brokers Group, Inc. $IBKR

Prevail Innovative Wealth Advisors LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, HoldingsChannel.com reports. The fund acquired 70,197 shares of the financial services provider’s stock, valued at approximately $4,830,000. Interactive Brokers Group comprises 0.9% of Prevail Innovative Wealth Advisors LLC’s holdings, making the stock its 28th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Interactive Brokers Group by 24.7% during the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 2,713 shares during the last quarter. Assetmark Inc. lifted its position in shares of Interactive Brokers Group by 369.9% in the 2nd quarter. Assetmark Inc. now owns 3,562 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 2,804 shares during the period. Huntington National Bank boosted its stake in shares of Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Interactive Brokers Group by 1,051.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 694 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Interactive Brokers Group by 317.3% during the second quarter. Resona Asset Management Co. Ltd. now owns 137,224 shares of the financial services provider’s stock worth $7,578,000 after buying an additional 104,342 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IBKR shares. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, BMO Capital Markets lifted their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.39.

Interactive Brokers Group Stock Performance

IBKR stock opened at $66.70 on Friday. The business has a 50-day simple moving average of $72.42 and a two-hundred day simple moving average of $68.17. The company has a market capitalization of $113.13 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 400,000 shares of company stock worth $30,725,122. Company insiders own 2.97% of the company’s stock.

About Interactive Brokers Group

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.