Interactive Brokers Group, Inc. $IBKR Stock Sold by Sowell Financial Services LLC

Sowell Financial Services LLC lessened its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 85.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,956 shares of the financial services provider’s stock after selling 22,912 shares during the period. Sowell Financial Services LLC’s holdings in Interactive Brokers Group were worth $338,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Fiduciary Financial Group LLC lifted its position in Interactive Brokers Group by 3.1% during the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 118 shares during the period. Gamco Investors INC. ET AL raised its position in Interactive Brokers Group by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock valued at $1,172,000 after purchasing an additional 150 shares in the last quarter. Everhart Financial Group Inc. lifted its stake in Interactive Brokers Group by 3.8% during the third quarter. Everhart Financial Group Inc. now owns 5,167 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 191 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 62.2% in the 3rd quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 201 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in shares of Interactive Brokers Group by 0.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 57,807 shares of the financial services provider’s stock valued at $4,938,000 after purchasing an additional 222 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insider Transactions at Interactive Brokers Group

In other news, Director Lawrence Harris sold 25,000 shares of Interactive Brokers Group stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total value of $2,065,250.00. Following the completion of the sale, the director owned 148,482 shares in the company, valued at $12,266,098.02. The trade was a 14.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of research reports. Rothschild & Co Redburn increased their target price on shares of Interactive Brokers Group from $94.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, September 21st. UBS Group set a $97.00 price target on shares of Interactive Brokers Group in a report on Tuesday, October 20th. Capital One Financial set a $105.00 price objective on Interactive Brokers Group in a report on Tuesday, October 6th. CICC Research lifted their price target on Interactive Brokers Group from $90.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Raymond James Financial assumed coverage on shares of Interactive Brokers Group in a research report on Wednesday, August 26th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.87.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $77.46 on Wednesday. The company has a market capitalization of $131.79 billion, a PE ratio of 29.79, a P/E/G ratio of 1.22 and a beta of 1.37. The company has a 50 day simple moving average of $87.71 and a two-hundred day simple moving average of $82.93. Interactive Brokers Group, Inc. has a fifty-two week low of $58.95 and a fifty-two week high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business earned $0.57 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. Research analysts predict that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.15 per share. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 1st. Interactive Brokers Group’s payout ratio is 13.46%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.