Wealth Enhancement Advisory Services LLC Has $36.65 Million Position in Interactive Brokers Group, Inc. $IBKR

Wealth Enhancement Advisory Services LLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1,013.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 569,884 shares of the financial services provider’s stock after acquiring an additional 518,707 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Interactive Brokers Group were worth $36,649,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. National Pension Service grew its position in shares of Interactive Brokers Group by 2.2% during the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after buying an additional 15,339 shares during the period. Jones Financial Companies Lllp raised its position in shares of Interactive Brokers Group by 36.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock valued at $1,777,000 after acquiring an additional 7,234 shares during the period. State of Michigan Retirement System raised its position in shares of Interactive Brokers Group by 15.0% in the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock valued at $8,285,000 after acquiring an additional 15,684 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Interactive Brokers Group by 1,221.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after acquiring an additional 68,148 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new position in Interactive Brokers Group during the 3rd quarter worth approximately $2,468,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $67.84 on Tuesday. The business has a 50 day simple moving average of $72.23 and a 200 day simple moving average of $68.57. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $79.18. The stock has a market cap of $115.08 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.83 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group’s payout ratio is currently 14.48%.

Analyst Ratings Changes

Several brokerages have commented on IBKR. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, BMO Capital Markets upped their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.39.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the transaction, the insider owned 155,000 shares in the company, valued at approximately $12,066,750. This represents a 48.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 400,000 shares of company stock valued at $30,725,122. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.