Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,683 shares of the financial services provider’s stock after purchasing an additional 342 shares during the period. SteelPeak Wealth LLC’s holdings in Interactive Brokers Group were worth $513,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Boston Financial Mangement LLC raised its position in Interactive Brokers Group by 5.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock worth $272,000 after buying an additional 100 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in Interactive Brokers Group by 5.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock worth $280,000 after buying an additional 107 shares during the last quarter. Tortoise Investment Management LLC increased its holdings in shares of Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Interactive Brokers Group by 9.5% in the 3rd quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 118 shares in the last quarter. Finally, Insight Wealth Strategies LLC increased its holdings in shares of Interactive Brokers Group by 0.7% in the 3rd quarter. Insight Wealth Strategies LLC now owns 18,686 shares of the financial services provider’s stock valued at $2,604,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR opened at $152.58 on Friday. The company’s 50 day simple moving average is $137.54 and its 200 day simple moving average is $126.49. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $154.75. The stock has a market capitalization of $64.25 billion, a PE ratio of 23.29, a P/E/G ratio of 1.15 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $1.55 earnings per share. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.89 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.66%. Interactive Brokers Group’s payout ratio is 15.27%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. UBS Group increased their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, Barclays cut their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

About Interactive Brokers Group

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.