Brokers

TriaGen Wealth Management LLC Buys 19,745 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Interactive Brokers Group logo with Finance background

TriaGen Wealth Management LLC grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 208.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,212 shares of the financial services provider’s stock after buying an additional 19,745 shares during the period. Interactive Brokers Group accounts for approximately 1.3% of TriaGen Wealth Management LLC’s portfolio, making the stock its 15th largest holding. TriaGen Wealth Management LLC’s holdings in Interactive Brokers Group were worth $2,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Atlas Capital Advisors LLC bought a new position in shares of Interactive Brokers Group in the first quarter worth approximately $40,000. Eagle Bay Advisors LLC bought a new position in shares of Interactive Brokers Group in the second quarter worth approximately $31,000. Belpointe Asset Management LLC increased its position in shares of Interactive Brokers Group by 64.5% in the first quarter. Belpointe Asset Management LLC now owns 579 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 227 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of Interactive Brokers Group in the first quarter worth approximately $49,000. Finally, AM Squared Ltd bought a new position in shares of Interactive Brokers Group in the second quarter worth approximately $50,000. 21.56% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $82.90 on Monday. The firm has a market cap of $34.90 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.68 and a beta of 0.74. Interactive Brokers Group, Inc. has a fifty-two week low of $70.83 and a fifty-two week high of $95.59. The business has a 50 day moving average price of $80.64 and a 200-day moving average price of $85.00.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. Interactive Brokers Group had a return on equity of 4.65% and a net margin of 8.01%. The firm’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. Research analysts predict that Interactive Brokers Group, Inc. will post 5.74 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Friday, December 1st were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Interactive Brokers Group’s dividend payout ratio is presently 7.29%.

Insider Activity at Interactive Brokers Group

In related news, CFO Paul Jonathan Brody sold 4,148 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $79.37, for a total transaction of $329,226.76. Following the completion of the transaction, the chief financial officer now owns 59,392 shares in the company, valued at $4,713,943.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Thomas Aj Frank sold 13,188 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $86.34, for a total transaction of $1,138,651.92. Following the completion of the transaction, the insider now directly owns 641,312 shares in the company, valued at $55,370,878.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul Jonathan Brody sold 4,148 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $79.37, for a total value of $329,226.76. Following the transaction, the chief financial officer now owns 59,392 shares of the company’s stock, valued at $4,713,943.04. The disclosure for this sale can be found here. Insiders sold a total of 241,488 shares of company stock worth $20,531,163 over the last quarter. 3.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IBKR shares. UBS Group started coverage on Interactive Brokers Group in a research note on Tuesday, October 3rd. They issued a “buy” rating and a $113.00 target price for the company. Redburn Atlantic started coverage on Interactive Brokers Group in a research note on Friday, December 1st. They issued a “buy” rating and a $100.00 target price for the company. StockNews.com started coverage on Interactive Brokers Group in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Piper Sandler upped their target price on Interactive Brokers Group from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Monday, October 9th. Finally, Barclays upped their target price on Interactive Brokers Group from $110.00 to $112.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $110.88.

Read Our Latest Stock Report on IBKR

Interactive Brokers Group Profile

(Free Report)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Institutional Ownership by Quarter for Interactive Brokers Group <span class=NASDAQ: IBKR” width=”650″ height=”350″ loading=”lazy”>

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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