B. Riley Wealth Advisors Inc. Purchases 531 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)
B. Riley Wealth Advisors Inc. lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,612 shares of the financial services provider’s stock after acquiring an additional 531 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Interactive Brokers Group were worth $486,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of IBKR. Eagle Bay Advisors LLC purchased a new position in shares of Interactive Brokers Group during the second quarter worth approximately $31,000. Headlands Technologies LLC purchased a new position in Interactive Brokers Group during the third quarter valued at approximately $40,000. Atlas Capital Advisors LLC purchased a new position in Interactive Brokers Group during the first quarter valued at approximately $40,000. Steward Partners Investment Advisory LLC increased its holdings in Interactive Brokers Group by 496.0% during the fourth 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 during the period. Finally, Belpointe Asset Management LLC increased its holdings in Interactive Brokers Group by 64.5% during the first quarter. Belpointe Asset Management LLC now owns 579 shares of the financial services provider’s stock valued at $48,000 after buying an additional 227 shares during the period. 21.56% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on IBKR shares. Redburn Atlantic started coverage on shares of Interactive Brokers Group in a report on Friday, December 1st. They set a “buy” rating and a $100.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. Finally, UBS Group lowered their target price on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.38.
View Our Latest Report on IBKR
Interactive Brokers Group Trading Up 1.2 %
NASDAQ:IBKR opened at $108.80 on Thursday. Interactive Brokers Group, Inc. has a 12 month low of $70.83 and a 12 month high of $112.50. The firm has a fifty day simple moving average of $99.98 and a 200-day simple moving average of $89.68. The company has a market capitalization of $45.81 billion, a P/E ratio of 19.22, a PEG ratio of 0.99 and a beta of 0.83.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts forecast that Interactive Brokers Group, Inc. will post 6.07 EPS for the current year.
Interactive Brokers Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were issued a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Interactive Brokers Group’s payout ratio is 7.07%.
Insider Buying and Selling at Interactive Brokers Group
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of Interactive Brokers Group stock in a transaction on Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the completion of the transaction, the insider now directly owns 208,770 shares of the company’s stock, valued at approximately $19,981,376.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 520,027 shares of company stock valued at $48,369,714. Corporate insiders own 3.21% of the company’s stock.
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.
Further Reading
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