Jupiter Asset Management Ltd. Buys New Stake in Interactive Brokers Group, Inc. $IBKR

Jupiter Asset Management Ltd. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,795 shares of the financial services provider’s stock, valued at approximately $694,000.

A number of other hedge funds have also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new position in Interactive Brokers Group during the 3rd quarter worth $27,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group during the 4th quarter worth $31,000. Tucker Asset Management LLC purchased a new position in Interactive Brokers Group during the 4th quarter worth $32,000. Lloyd Advisory Services LLC. purchased a new position in Interactive Brokers Group during the 4th quarter worth $33,000. Finally, Blue Trust Inc. grew its position in Interactive Brokers Group by 236.0% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 472 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on IBKR. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Barclays raised their price objective on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research report on Friday, May 1st. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.25.

Read Our Latest Stock Analysis on IBKR

Interactive Brokers Group Stock Performance

IBKR stock opened at $86.97 on Friday. Interactive Brokers Group, Inc. has a one year low of $49.15 and a one year high of $88.44. The stock has a market capitalization of $147.53 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32. The company has a fifty day moving average of $77.02 and a 200-day moving average of $71.97.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the business earned $1.94 EPS. The business’s revenue was up 17.0% on a year-over-year basis. Equities analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be paid a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

About Interactive Brokers Group

(Free Report)

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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