IFM Investors Pty Ltd Buys 5,589 Shares of Interactive Brokers Group, Inc. $IBKR

IFM Investors Pty Ltd boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 6.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 94,196 shares of the financial services provider’s stock after purchasing an additional 5,589 shares during the quarter. IFM Investors Pty Ltd’s holdings in Interactive Brokers Group were worth $6,318,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IBKR. Norges Bank bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $453,146,000. Orbis Allan Gray Ltd boosted its holdings in Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after acquiring an additional 6,246,715 shares during the last quarter. Bank of America Corp DE boosted its holdings in Interactive Brokers Group by 225.4% in the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after acquiring an additional 5,260,923 shares during the last quarter. State Street Corp boosted its holdings in Interactive Brokers Group by 23.2% in the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after acquiring an additional 3,517,729 shares during the last quarter. Finally, Invesco Ltd. increased its position in Interactive Brokers Group by 44.1% in the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after purchasing an additional 2,534,772 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Down 2.1%

NASDAQ:IBKR opened at $91.33 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $56.33 and a 1-year high of $97.84. The business’s 50-day moving average price is $86.38 and its two-hundred day moving average price is $76.29. The firm has a market capitalization of $154.93 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 2.58 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s payout ratio is 15.09%.

Wall Street Analyst Weigh In

IBKR has been the subject of several recent research reports. Weiss Ratings cut Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Jefferies Financial Group reduced their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. BMO Capital Markets lifted their price target on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Barclays increased their price objective on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.22.

View Our Latest Report on Interactive Brokers Group

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by insiders.

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.

Further Reading

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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