Emmett Investment Management LP lessened its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 8.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,190 shares of the financial services provider’s stock after selling 9,950 shares during the period. Interactive Brokers Group accounts for 5.3% of Emmett Investment Management LP’s holdings, making the stock its 9th biggest holding. Emmett Investment Management LP’s holdings in Interactive Brokers Group were worth $6,940,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP boosted its position in shares of Interactive Brokers Group by 72.9% during the 1st quarter. Quantinno Capital Management LP now owns 190,798 shares of the financial services provider’s stock valued at $12,797,000 after purchasing an additional 80,419 shares in the last quarter. SummitTX Capital L.P. grew its stake in Interactive Brokers Group by 992.1% during the first quarter. SummitTX Capital L.P. now owns 66,531 shares of the financial services provider’s stock worth $4,462,000 after purchasing an additional 60,439 shares during the period. Progeny 3 Inc. increased its holdings in Interactive Brokers Group by 3.1% in the first quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock worth $147,262,000 after purchasing an additional 65,880 shares in the last quarter. Endure Capital Management LLC bought a new stake in Interactive Brokers Group in the first quarter worth approximately $2,629,000. Finally, OMERS ADMINISTRATION Corp lifted its stake in Interactive Brokers Group by 28.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 35,891 shares of the financial services provider’s stock valued at $2,407,000 after buying an additional 7,850 shares during the period. Institutional investors own 23.80% of the company’s stock.
Analyst Ratings Changes
IBKR has been the topic of a number of research reports. China Renaissance assumed coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating on the stock. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Bank of America upped their price objective 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. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Wolfe Research started coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.89.
Interactive Brokers Group Trading Up 0.6%
Interactive Brokers Group stock opened at $92.27 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $97.84. The firm has a market capitalization of $156.52 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33. The firm’s fifty day moving average price is $90.22 and its two-hundred day moving average price is $79.63.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 2.64 EPS for the current year.
Interactive Brokers Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 14.00%.
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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