LVW Advisors LLC Buys 664 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

LVW Advisors LLC grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,790 shares of the financial services provider’s stock after purchasing an additional 664 shares during the period. LVW Advisors LLC’s holdings in Interactive Brokers Group were worth $946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of Interactive Brokers Group during the 1st quarter valued at approximately $30,000. Tortoise Investment Management LLC boosted its holdings in shares of Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new position in shares of Interactive Brokers Group in the second quarter valued at $32,000. Kapitalo Investimentos Ltda raised its stake 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 purchasing an additional 353 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IBKR. Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Barclays boosted their price target on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. UBS Group increased their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Piper Sandler boosted their target price on Interactive Brokers Group from $140.00 to $163.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.11.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $151.14 on Friday. The firm has a fifty day moving average of $129.06 and a 200 day moving average of $123.00. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $151.36. The firm has a market capitalization of $63.64 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.32 EPS. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.92 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

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.