Empower Advisory Group LLC Boosts Holdings in Interactive Brokers Group, Inc. $IBKR

Empower Advisory Group LLC raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 312.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,846,846 shares of the financial services provider’s stock after buying an additional 1,399,195 shares during the period. Empower Advisory Group LLC owned about 0.11% of Interactive Brokers Group worth $102,334,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IBKR. N.E.W. Advisory Services LLC purchased a new position in Interactive Brokers Group during the first quarter valued at approximately $26,000. Nvwm LLC purchased a new position in shares of Interactive Brokers Group during the 1st quarter valued at approximately $33,000. ASR Vermogensbeheer N.V. purchased a new position in shares of Interactive Brokers Group during the 1st quarter valued at approximately $33,000. Quarry LP lifted its stake in shares of Interactive Brokers Group by 486.3% in the 1st quarter. Quarry LP now owns 299 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 248 shares during the period. Finally, Smithfield Trust Co boosted its holdings in Interactive Brokers Group by 78.5% during the first quarter. Smithfield Trust Co now owns 341 shares of the financial services provider’s stock worth $57,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright bought 400 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was acquired at an average cost of $65.95 per share, with a total value of $26,380.00. Following the purchase, the director directly owned 10,304 shares of the company’s stock, valued at $679,548.80. The trade was a 4.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,026,711 shares of company stock worth $65,238,880 in the last three months. 2.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Interactive Brokers Group in a research report on Thursday. Barclays set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday, October 17th. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. BMO Capital Markets upped their target price 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, CICC Research assumed coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Interactive Brokers Group Stock Down 1.5%

Interactive Brokers Group stock opened at $66.03 on Friday. The company has a fifty day simple moving average of $67.67 and a 200-day simple moving average of $60.48. The firm has a market capitalization of $112.00 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business posted $1.61 earnings per share. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

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.