Allworth Financial LP Has $117,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Allworth Financial LP increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 54.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,410 shares of the financial services provider’s stock after acquiring an additional 500 shares during the quarter. Allworth Financial LP’s holdings in Interactive Brokers Group were worth $117,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in IBKR. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $31,000. Headlands Technologies LLC acquired a new position in Interactive Brokers Group in the 3rd quarter valued at $40,000. Atlas Capital Advisors LLC acquired a new position in Interactive Brokers Group in the 1st quarter valued at $40,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Interactive Brokers Group by 496.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 602 shares of the financial services provider’s stock valued at $44,000 after buying an additional 501 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.
Interactive Brokers Group Stock Performance
NASDAQ:IBKR opened at $110.39 on Friday. The stock has a fifty day moving average price of $107.32 and a 200-day moving average price of $92.07. The company has a market cap of $46.48 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.31 and a beta of 0.83. Interactive Brokers Group, Inc. has a fifty-two week low of $70.83 and a fifty-two week high of $116.92.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. Research analysts predict that Interactive Brokers Group, Inc. will post 6.24 EPS for the current fiscal year.
Interactive Brokers Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Interactive Brokers Group’s payout ratio is 7.07%.
Insider Buying and Selling
In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total transaction of $524,300.00. Following the completion of the sale, the insider now directly owns 113,770 shares in the company, valued at approximately $11,929,922.20. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Vice Chairman Earl H. Nemser sold 10,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the insider now directly owns 123,770 shares in the company, valued at approximately $12,813,908.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The disclosure for this sale can be found here. Insiders sold a total of 454,989 shares of company stock worth $42,696,367 in the last ninety days. 3.21% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research analysts have commented on the company. UBS Group decreased their price objective on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. Citigroup upped their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler upped their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday. Barclays upped their price objective on Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.13.
Read Our Latest Stock Report on IBKR
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.
See Also
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