Nykredit A S purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 176,334 shares of the financial services provider’s stock, valued at approximately $15,348,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Leonteq Securities AG acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $1,746,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Interactive Brokers Group by 5.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 932,381 shares of the financial services provider’s stock valued at $62,684,000 after purchasing an additional 43,984 shares in the last quarter. North Dakota State Investment Board acquired a new position in Interactive Brokers Group during the fourth quarter worth $945,000. Vise Technologies Inc. lifted its stake in shares of Interactive Brokers Group by 151.8% in the fourth quarter. Vise Technologies Inc. now owns 24,209 shares of the financial services provider’s stock valued at $1,557,000 after buying an additional 14,593 shares in the last quarter. Finally, Passumpsic Savings Bank acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $2,011,000. Institutional investors own 23.80% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on IBKR. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Barclays set a $114.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. UBS Group downgraded Interactive Brokers Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $50.00 to $102.00 in a research note on Tuesday. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Interactive Brokers Group in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.90.
Interactive Brokers Group Stock Performance
Shares of IBKR stock opened at $92.62 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $98.75. The company has a 50-day simple moving average of $92.03 and a two-hundred day simple moving average of $83.14. The company has a market capitalization of $157.58 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.72 and a beta of 1.35.
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 firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.68 EPS for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.00%.
Interactive Brokers Group 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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