Pullen Investment Management LLC Increases Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Pullen Investment Management LLC raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 299.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,548 shares of the financial services provider’s stock after buying an additional 14,650 shares during the quarter. Pullen Investment Management LLC’s holdings in Interactive Brokers Group were worth $1,083,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in Interactive Brokers Group by 50.2% during the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock valued at $98,886,000 after buying an additional 199,467 shares during the period. Thrive Wealth Management LLC lifted its position in Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after buying an additional 6,163 shares during the period. TD Asset Management Inc lifted its position in Interactive Brokers Group by 312.8% during the second quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock valued at $5,798,000 after buying an additional 79,294 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Interactive Brokers Group by 1,093.9% during the second quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 6,760 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Interactive Brokers Group by 237.8% during the second quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock valued at $11,230,000 after acquiring an additional 142,662 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IBKR shares. Citigroup raised their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a report on Monday, July 7th. BMO Capital Markets raised their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. Barclays set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.34.

Insider Activity

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares in the company, valued at $1,860,850.42. The trade was a 37.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 1,205,683 shares of company stock worth $77,217,965. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $68.75 on Friday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The stock has a 50-day moving average of $65.49 and a 200 day moving average of $57.50. The company has a market capitalization of $116.61 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.14 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the company earned $1.61 EPS. Interactive Brokers Group’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s payout ratio is currently 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.