Warther Private Wealth LLC Acquires Shares of 29,330 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Warther Private Wealth LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 29,330 shares of the financial services provider’s stock, valued at approximately $2,431,000. Interactive Brokers Group accounts for 1.4% of Warther Private Wealth LLC’s holdings, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. bought a new position in shares of Interactive Brokers Group in the fourth quarter worth $34,000. Headlands Technologies LLC acquired a new position in Interactive Brokers Group in the third quarter valued at about $40,000. Principal Securities Inc. bought a new stake in Interactive Brokers Group during the fourth quarter worth about $40,000. Finally, Asset Management One Co. Ltd. grew its stake in Interactive Brokers Group by 22.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock worth $62,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Barclays lifted their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Piper Sandler raised their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Citigroup lifted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Bank of America raised their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the transaction, the insider now owns 113,770 shares in the company, valued at approximately $11,929,922.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value 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 document filed with the SEC, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total value of $5,053,500.00. Following the transaction, the insider now directly owns 158,770 shares in the company, valued at $16,046,883.90. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock valued at $6,613,100 in the last quarter. 3.21% of the stock is currently owned by company insiders.

Interactive Brokers Group Trading Up 0.8 %

IBKR stock traded up $0.98 during trading on Friday, hitting $120.11. The company had a trading volume of 566,982 shares, compared to its average volume of 1,094,593. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $122.88. The business has a 50-day moving average of $112.53 and a 200-day moving average of $96.33. The stock has a market cap of $50.57 billion, a PE ratio of 20.53, a PEG ratio of 1.21 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Research analysts forecast that Interactive Brokers Group, Inc. will post 6.49 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is presently 6.84%.

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.