SG Americas Securities LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,060 shares of the financial services provider’s stock, valued at approximately $2,076,000.
Other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in Interactive Brokers Group by 27.9% during the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 647 shares in the last quarter. Creative Planning purchased a new stake in Interactive Brokers Group during the fourth quarter valued at $206,000. World Asset Management Inc purchased a new stake in Interactive Brokers Group during the third quarter valued at $214,000. Everence Capital Management Inc. purchased a new stake in Interactive Brokers Group during the third quarter valued at $224,000. Finally, Fox Run Management L.L.C. purchased a new stake in Interactive Brokers Group during the fourth quarter valued at $295,000. 15.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Interactive Brokers Group, Inc. (IBKR) opened at $62.16 on Tuesday. Interactive Brokers Group, Inc. has a 12 month low of $33.01 and a 12 month high of $67.42. The firm has a market cap of $26,921.46, a price-to-earnings ratio of 43.02, a PEG ratio of 3.15 and a beta of 1.05.
Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Interactive Brokers Group had a net margin of 3.94% and a return on equity of 1.74%. The business had revenue of $515.00 million for the quarter, compared to the consensus estimate of $398.05 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 166.8% on a year-over-year basis. analysts anticipate that Interactive Brokers Group, Inc. will post 2.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Thursday, March 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 37.38%.
A number of equities research analysts recently issued reports on IBKR shares. SunTrust Banks upped their price target on shares of Interactive Brokers Group to $48.00 and gave the company an “average” rating in a research note on Wednesday, October 18th. BidaskClub downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Goldman Sachs Group downgraded shares of Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price target on the stock. in a research note on Monday, January 8th. Finally, Sandler O’Neill reaffirmed a “buy” rating on shares of Interactive Brokers Group in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Interactive Brokers Group presently has a consensus rating of “Hold” and a consensus target price of $50.33.
In other news, Vice Chairman Earl H. Nemser sold 32,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $62.80, for a total value of $2,009,600.00. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.41% of the company’s stock.
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Interactive Brokers Group Profile
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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