MBM Wealth Consultants LLC Purchases 12,421 Shares of Interactive Brokers Group, Inc. $IBKR

MBM Wealth Consultants LLC increased its holdings in Interactive Brokers Group, Inc. by 238.1% in Q2, purchasing an additional 12,421 shares, totaling 17,638 shares valued at $977,000. This reflects significant investment activity in the financial services provider's stock, amidst other institutional investors adjusting their positions. Interactive Brokers Group reported strong earnings, with a 21.2% revenue increase year-over-year, and announced a quarterly dividend of $0.08 per share.

MBM Wealth Consultants LLC grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 238.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,638 shares of the financial services provider's stock after buying an additional 12,421 shares during the quarter. MBM Wealth Consultants LLC's holdings in Interactive Brokers Group were worth $977,000 at the end of the most recent quarter.

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Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. ASR Vermogensbeheer N.V. bought a new stake in Interactive Brokers Group in the first quarter worth $33,000. Quarry LP boosted its stake in Interactive Brokers Group by 486.3% in the 1st quarter. Quarry LP now owns 299 shares of the financial services provider's stock worth $50,000 after purchasing an additional 248 shares in the last quarter. Smithfield Trust Co grew its position in Interactive Brokers Group by 78.5% during the 1st quarter. Smithfield Trust Co now owns 341 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 150 shares during the last quarter. ORG Partners LLC raised its holdings in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock worth $27,000 after buying an additional 363 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $65.02 on Monday. The stock has a market capitalization of $110.27 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35. The business's 50 day simple moving average is $67.73 and its 200-day simple moving average is $61.90.

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Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.08. The firm had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 EPS. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 15.38%.

Insider Buying and Selling at Interactive Brokers Group

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In other Interactive Brokers Group news, Director Lawrence E. Harris sold 22,000 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the completion of the sale, the director directly owned 231,704 shares of the company's stock, valued at approximately $15,670,141.52. This represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the sale, the chief financial officer owned 158,954 shares of the company's stock, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,026,711 shares of company stock valued at $65,238,880. Corporate insiders own 2.97% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an "overweight" rating in a research report on Tuesday, October 14th. Weiss Ratings restated a "hold (c+)" rating on shares of Interactive Brokers Group in a research report on Tuesday, November 25th. Zacks Research raised shares of Interactive Brokers Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 31st. BMO Capital Markets increased their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the company an "outperform" rating in a report on Friday, October 17th. Finally, Barclays set a $80.00 price objective on Interactive Brokers Group and gave the stock an "overweight" rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.08.

Read Our Latest Stock Analysis on IBKR

About Interactive Brokers Group

(Free Report)

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.

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