PFG Advisors Buys Shares of 10,323 Interactive Brokers Group, Inc. $IBKR

PFG Advisors bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,323 shares of the financial services provider’s stock, valued at approximately $710,000.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in Interactive Brokers Group by 24.7% during the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after buying an additional 2,713 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Interactive Brokers Group by 352.5% in the second quarter. Penserra Capital Management LLC now owns 2,240 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 1,745 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Interactive Brokers Group by 171.1% in the second quarter. Metis Global Partners LLC now owns 5,230 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 3,301 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Interactive Brokers Group in the second quarter worth $208,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Interactive Brokers Group by 244.7% during the second quarter. Parkside Financial Bank & Trust now owns 848 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 602 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Price Performance

IBKR stock opened at $66.92 on Friday. The stock has a market capitalization of $113.51 billion, a P/E ratio of 30.21, a P/E/G ratio of 1.91 and a beta of 1.23. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $79.18. The business has a fifty day moving average price of $72.67 and a 200-day moving average price of $68.28.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $0.51 earnings per share. Interactive Brokers Group’s revenue was up 18.5% compared to the same quarter last year. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

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

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 400,000 shares of company stock valued at $30,725,122 in the last three months. Insiders own 2.97% of the company’s stock.

Analyst Ratings Changes

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

Interactive Brokers Group 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.