Healthcare of Ontario Pension Plan Trust Fund Purchases 245,378 Shares of Interactive Brokers Group, Inc. $IBKR

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 1,393.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,984 shares of the financial services provider’s stock after acquiring an additional 245,378 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Interactive Brokers Group were worth $17,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IBKR. HM Payson & Co. lifted its stake in Interactive Brokers Group by 5.8% during the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 133 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Interactive Brokers Group by 1.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 143 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Interactive Brokers Group by 0.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock valued at $1,172,000 after purchasing an additional 150 shares during the last quarter. S&CO Inc. raised its holdings in shares of Interactive Brokers Group by 0.3% during the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after buying an additional 160 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Interactive Brokers Group by 2.0% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock worth $533,000 after buying an additional 165 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 0.6%

NASDAQ:IBKR opened at $92.27 on Tuesday. The company has a fifty day moving average of $90.22 and a 200-day moving average of $79.63. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84. The firm has a market capitalization of $156.52 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.02 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 2.64 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBKR. Wolfe Research initiated coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective on the stock. China Renaissance began coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating for the company. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. Finally, Bank of America lifted their price target on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.89.

Read Our Latest Stock Analysis on IBKR

Interactive Brokers Group Company Profile

(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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