Havemeyer Place LP acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 6,301 shares of the financial services provider’s stock, valued at approximately $405,000.
Several other institutional investors have also added to or reduced their stakes in IBKR. Murphy & Mullick Capital Management Corp acquired a new position in Interactive Brokers Group during the third quarter valued at approximately $27,000. Entrust Financial LLC acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $32,000. Lloyd Advisory Services LLC. acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $33,000. Finally, Blue Trust Inc. raised its position in Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 472 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have commented on IBKR. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Wolfe Research began coverage on shares of Interactive Brokers Group in a research report on Monday. They set an “outperform” rating and a $101.00 price objective for the company. Jefferies Financial Group lowered their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target for the company. Finally, Barclays upped their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.22.
Insider Activity
In related news, Director Lawrence E. Harris sold 26,000 shares of the 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 completion of the sale, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.
Interactive Brokers Group Stock Performance
Shares of NASDAQ:IBKR opened at $86.33 on Wednesday. The company has a fifty day moving average of $79.89 and a 200-day moving average of $72.97. The company has a market capitalization of $146.45 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 2.41 and a beta of 1.32. Interactive Brokers Group, Inc. has a 52-week low of $49.30 and a 52-week high of $91.02.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced 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. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 earnings per share. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal 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 issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.09%.
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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