On September 14, 2023, it was reported that Empower Advisory Group LLC had acquired a new stake in shares of Interactive Brokers Group, Inc. The institutional investor purchased 503,501 shares of the financial services provider’s stock, valued at approximately $41,504,000.
This acquisition by Empower Advisory Group LLC signifies their confidence in the potential growth and performance of Interactive Brokers Group. As an institutional investor, they have made a strategic decision to invest in this particular company, presumably based on thorough research and analysis.
Interactive Brokers Group (NASDAQ:IBKR) recently released its quarterly earnings results on July 18th. The company reported earnings per share (EPS) of $1.32 for the quarter, slightly lower than the consensus estimate of $1.40. Despite missing estimates by $0.08 per share, Interactive Brokers Group demonstrated a net margin of 8.14% and a return on equity of 4.41%.
The company generated revenue of $1 billion for the quarter under review, surpassing the consensus estimate of $1.06 billion. This impressive revenue figure represents a substantial increase of 52.4% compared to the same period last year.
Looking ahead, analysts anticipate that Interactive Brokers Group will post EPS of 5.62 for the current year as a whole. This expectation is based on various factors such as market conditions and potential future developments within the financial services industry.
Empower Advisory Group LLC’s recent acquisition highlights their belief in Interactive Brokers Group’s long-term prospects and reinforces their commitment to investing in companies with strong potential for growth and profitability.
As always, investors are advised to conduct their own thorough research and analysis before making any investment decisions. It is important to consider factors such as market trends, company performance history, and overall economic conditions when evaluating investment opportunities.
In conclusion, Empower Advisory Group LLC’s recent acquisition of a stake in Interactive Brokers Group, Inc. demonstrates their confidence in the company’s prospects. With solid revenue growth and a positive outlook for earnings per share, Interactive Brokers Group appears to be an attractive investment option within the financial services sector.
[bs_slider_forecast ticker=”GLOB”]
Recent Positions and Analyst Ratings Signal Growth Potential for Interactive Brokers Group
In recent months, there have been significant changes in the positions of various large investors in Interactive Brokers Group. Captrust Financial Advisors, for instance, increased its position in the company by 4.1% during the third quarter. As a result, Captrust Financial Advisors now holds 3,449 shares of Interactive Brokers Group’s stock, which is valued at approximately $220,000 after acquiring an additional 135 shares. Similarly, Alliance Wealth Advisors LLC UT raised its position by 2.5% during the first quarter and now owns 5,657 shares worth $467,000.
ETF Managers Group LLC also saw a slight increase of 1.5% in its position during the first quarter. With this increase, ETF Managers Group LLC now holds 10,985 shares valued at $907,000. In addition to these changes, Public Employees Retirement System of Ohio raised its position by 0.3% during the same period and currently owns 48,042 shares worth $3.9 million.
Moving forward to SYSTM Wealth Solutions LLC’s investment strategy in Interactive Brokers Group during the first quarter; their position was raised by 3.4%. As a result of this change, SYSTM Wealth Solutions LLC now possesses 5,297 shares worth $437,000.
It is notable that institutional investors and hedge funds own approximately 21.56% of Interactive Brokers Group’s stock as well.
On Thursday morning, Interactive Brokers Group opened with a price of $92.08 per share on the market. The company has experienced a one-year low of $62.70 and a one-year high of $95.59.
The stock’s performance is closely monitored using key indicators such as simple moving averages (SMA). Currently, the company’s 50-day SMA stands at $89.24 while its 200-day SMA is reported at $83.23.
Interactive Brokers Group boasts a substantial market capitalization of $38.76 billion and maintains a reasonable price-to-earnings (P/E) ratio of 18.79, indicating its stability while balancing growth potential. The company’s price-to-earnings-growth (PEG) ratio of 0.82 reflects its favorable positioning in terms of future growth expectations.
Moreover, the business recently announced its intention to distribute quarterly dividends to its stockholders. Those who are recorded as stockholders on Friday, September 1st will receive a dividend of $0.10 per share, which will be paid on Thursday, September 14th. This translates to an annualized dividend payout of $0.40 per share and leads to a dividend yield of 0.43%. Presently, Interactive Brokers Group’s dividend payout ratio (DPR) stands at approximately 8.16%.
Various financial analysts have expressed their opinions regarding Interactive Brokers Group’s prospects as well. Jefferies Financial Group adjusted their price objective from $104 to $106 in June, highlighting the company’s potential for continued growth.
Additionally, StockNews.com initiated coverage on Interactive Brokers Group with a “hold” rating on August 17th, while Barclays raised its price objective from $97 to $106 on July 13th.
Overall, Interactive Brokers Group has received positive feedback from experts in the field, with one equities research analyst rating it as “hold” and five issuing a buy recommendation.
According to Bloomberg data, the average rating for Interactive Brokers Group is currently classified as “Moderate Buy,” with an average target price set at $113.60 by analysts.
As we progress further into September 2023, it will be interesting to observe how these recent changes in positions and market conditions impact the performance and valuation of Interactive Brokers Group going forward.
