PUREfi Wealth LLC Acquires 3,102 Shares of Interactive Brokers Group, Inc. $IBKR

PUREfi Wealth LLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 249.0% during the second quarter, Holdings Channel.com reports. The fund owned 4,348 shares of the financial services provider’s stock after purchasing an additional 3,102 shares during the period. PUREfi Wealth LLC’s holdings in Interactive Brokers Group were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. DAVENPORT & Co LLC boosted its stake in Interactive Brokers Group by 316.7% in the second quarter. DAVENPORT & Co LLC now owns 31,410 shares of the financial services provider’s stock valued at $1,740,000 after acquiring an additional 23,873 shares during the last quarter. Simplicity Wealth LLC bought a new position in Interactive Brokers Group in the second quarter valued at approximately $214,000. Bay Harbor Wealth Management LLC boosted its stake in Interactive Brokers Group by 313.9% in the second quarter. Bay Harbor Wealth Management LLC now owns 2,450 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 1,858 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Interactive Brokers Group by 332.1% in the second quarter. QRG Capital Management Inc. now owns 25,311 shares of the financial services provider’s stock valued at $1,402,000 after acquiring an additional 19,454 shares during the last quarter. Finally, Boyar Asset Management Inc. bought a new position in Interactive Brokers Group in the second quarter valued at approximately $271,000. 23.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup raised their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Barclays lifted their price target 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. Finally, BMO Capital Markets assumed coverage on shares of Interactive Brokers Group in a research report on Friday. They set an “outperform” rating and a $82.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.47.

Insider Buying and Selling at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 28,289 shares of the company’s stock, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 1,205,683 shares of company stock worth $77,217,965. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $70.36 on Monday. The firm has a market capitalization of $119.34 billion, a PE ratio of 36.17, a P/E/G ratio of 2.89 and a beta of 1.22. The company’s 50-day moving average is $64.33 and its 200-day moving average is $54.71. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $71.78.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $1.76 EPS. As a group, analysts expect 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. Shareholders of record on Monday, September 1st were issued 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 yield of 0.5%. Interactive Brokers Group’s payout ratio is currently 16.49%.

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.