Fiduciary Financial Group LLC Buys Shares of 3,828 Interactive Brokers Group, Inc. $IBKR

Fiduciary Financial Group LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,828 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in Interactive Brokers Group during the 1st quarter worth $26,000. City Holding Co. purchased a new stake in shares of Interactive Brokers Group in the first quarter valued at about $33,000. Nvwm LLC purchased a new position in Interactive Brokers Group during the first quarter worth about $33,000. ASR Vermogensbeheer N.V. purchased a new position in Interactive Brokers Group during the first quarter worth about $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Interactive Brokers Group in the first quarter valued at about $43,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $63.70 on Friday. The company has a 50-day simple moving average of $62.73 and a 200-day simple moving average of $52.53. The company has a market cap of $108.04 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 2.58 and a beta of 1.23. Interactive Brokers Group, Inc. has a 12 month low of $31.07 and a 12 month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. Interactive Brokers Group’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.76 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is currently 16.49%.

Analysts Set New Price Targets

Several equities analysts have issued reports on IBKR shares. Citigroup boosted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Piper Sandler increased their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Finally, Barclays lifted their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.38.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 107,493 shares of Interactive Brokers Group stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $61.87, for a total value of $6,650,591.91. Following the completion of the sale, the chief financial officer owned 892,507 shares in the company, valued at $55,219,408.09. The trade was a 10.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the sale, the insider directly owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 446,371 shares of company stock valued at $28,954,715 over the last quarter. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group 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.