Crewe Advisors LLC Sells 88 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Crewe Advisors LLC trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,548 shares of the financial services provider’s stock after selling 88 shares during the quarter. Crewe Advisors LLC’s holdings in Interactive Brokers Group were worth $285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 1st quarter valued at $30,000. Rakuten Securities Inc. purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $34,000. Principal Securities Inc. purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $40,000. Kapitalo Investimentos Ltda boosted its position in shares of Interactive Brokers Group by 278.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 353 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Interactive Brokers Group by 213.6% during the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 329 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Up 0.4 %

Shares of NASDAQ IBKR traded up $0.45 during trading hours on Thursday, reaching $118.57. 908,137 shares of the stock traded hands, compared to its average volume of 1,049,805. The company’s 50-day simple moving average is $123.55 and its two-hundred day simple moving average is $112.08. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $129.19. The company has a market capitalization of $49.93 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company earned $1.32 EPS. Interactive Brokers Group’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.76 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.84%. Interactive Brokers Group’s payout ratio is 17.09%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IBKR. Citigroup lifted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price target for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Barclays raised their price target on Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, 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 report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.33.

Interactive Brokers Group 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.