Eurizon Capital SGR S.p.A. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 29,877 shares of the financial services provider’s stock, valued at approximately $1,921,000.
A number of other institutional investors also recently modified their holdings of IBKR. AQR Capital Management LLC raised its stake in shares of Interactive Brokers Group by 24.7% in the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after acquiring an additional 2,713 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Interactive Brokers Group by 307.9% in the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after purchasing an additional 10,943 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at approximately $318,000. Daiwa Securities Group Inc. increased its holdings in shares of Interactive Brokers Group by 291.2% in the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock valued at $1,973,000 after purchasing an additional 26,500 shares in the last quarter. Finally, AXA S.A. increased its holdings in shares of Interactive Brokers Group by 128.1% in the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock valued at $710,000 after purchasing an additional 7,197 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.
Insider Activity
In other news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by corporate insiders.
Interactive Brokers Group Stock Up 0.0%
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the company earned $1.94 EPS. The firm’s revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.
Interactive Brokers Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be given a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio is 15.09%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on IBKR. Barclays raised their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a report on Friday, May 1st. Piper Sandler raised their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, BMO Capital Markets raised their price target on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.25.
Get Our Latest Research Report on IBKR
Interactive Brokers Group Company Profile
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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