Freedom Investment Management Inc. Has $385,000 Stock Position in Interactive Brokers Group, Inc. $IBKR

Freedom Investment Management Inc. raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 186.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,946 shares of the financial services provider’s stock after acquiring an additional 4,523 shares during the period. Freedom Investment Management Inc.’s holdings in Interactive Brokers Group were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBKR. N.E.W. Advisory Services LLC acquired a new stake in Interactive Brokers Group in the 1st quarter valued at approximately $26,000. ORG Partners LLC grew its holdings in Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after buying an additional 363 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after buying an additional 423 shares during the last quarter. Private Wealth Asset Management LLC grew its holdings in Interactive Brokers Group by 300.0% in the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after buying an additional 435 shares during the last quarter. Finally, Nvwm LLC bought a new stake in shares of Interactive Brokers Group in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $68.75 on Monday. The company has a market capitalization of $116.61 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The business has a 50 day simple moving average of $65.49 and a 200 day simple moving average of $57.60.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.Interactive Brokers Group’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company earned $1.61 EPS. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group 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 completion of the transaction, the chief financial officer owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,205,583 shares of company stock valued at $77,211,375 in the last 90 days. 2.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Tuesday, October 14th. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Citigroup raised their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, BMO Capital Markets raised their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.34.

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.