Marks Group Wealth Management Inc Buys Shares of 44,323 Interactive Brokers Group, Inc. $IBKR

Marks Group Wealth Management Inc bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 44,323 shares of the financial services provider’s stock, valued at approximately $3,050,000.

Other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Interactive Brokers Group during the third quarter worth about $27,000. Huntington National Bank boosted its holdings in Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at approximately $32,000. N.E.W. Advisory Services LLC increased its holdings in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after buying an additional 474 shares during the last quarter. Finally, Rialto Wealth Management LLC raised its position in shares of Interactive Brokers Group by 306.4% during the 2nd quarter. Rialto Wealth Management LLC now owns 764 shares of the financial services provider’s stock valued at $42,000 after buying an additional 576 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $74.39 on Monday. The company has a market cap of $126.18 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.08 and a beta of 1.24. The stock has a 50-day moving average of $71.17 and a two-hundred day moving average of $67.75. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Analyst Ratings Changes

Several brokerages recently weighed in on IBKR. BMO Capital Markets increased their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. CICC Research initiated coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective on the stock. Finally, Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $76.39.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction on 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 sale, the insider owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 400,000 shares of company stock valued at $30,725,122 in the last three months. Insiders own 2.97% of the company’s stock.

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.