Engineers Gate Manager LP increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 831.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,359 shares of the financial services provider’s stock after purchasing an additional 96,724 shares during the quarter. Engineers Gate Manager LP’s holdings in Interactive Brokers Group were worth $9,432,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Fiduciary Financial Group LLC increased its position in shares of Interactive Brokers Group by 3.1% during the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 118 shares in the last quarter. HM Payson & Co. lifted its position in Interactive Brokers Group by 5.8% in the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 133 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in 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 worth $1,172,000 after purchasing an additional 150 shares during the period. S&CO Inc. boosted its stake in Interactive Brokers Group by 0.3% in the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after purchasing an additional 160 shares during the period. Finally, Forefront Wealth Partners LLC increased its holdings in Interactive Brokers Group by 2.1% during the 4th quarter. Forefront Wealth Partners LLC now owns 8,175 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 169 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have issued reports on IBKR shares. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Interactive Brokers Group in a research note on Wednesday, September 2nd. Wolfe Research assumed coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 price objective for the company. BMO Capital Markets reissued an “outperform” rating and issued a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Raymond James Financial assumed coverage on Interactive Brokers Group in a research note on Wednesday, August 26th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.90.
Interactive Brokers Group Price Performance
Shares of NASDAQ:IBKR opened at $89.42 on Friday. The company’s 50-day moving average price is $92.10 and its two-hundred day moving average price is $83.66. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $98.75. The stock has a market capitalization of $152.14 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the company earned $0.51 EPS. Interactive Brokers Group’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 2.68 earnings per share 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. Shareholders of record on Tuesday, September 1st will be paid a $0.0875 dividend. 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 currently 14.00%.
About Interactive Brokers Group
Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.
The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.
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