Sei Investments Co. Acquires 179,111 Shares of Interactive Brokers Group, Inc. $IBKR

Sei Investments Co. increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 46.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 564,427 shares of the financial services provider’s stock after purchasing an additional 179,111 shares during the quarter. Sei Investments Co.’s holdings in Interactive Brokers Group were worth $37,857,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Covenant Asset Management LLC bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $3,028,000. Leonteq Securities AG bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $1,746,000. OFI Invest Asset Management bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $22,356,000. Successful Portfolios LLC acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $1,431,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Interactive Brokers Group by 747.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 489,748 shares of the financial services provider’s stock valued at $31,496,000 after buying an additional 431,970 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $91.74 on Monday. The firm has a market capitalization of $155.62 billion, a PE ratio of 36.70, a PEG ratio of 2.02 and a beta of 1.33. The company’s 50-day moving average is $90.09 and its 200-day moving average is $79.49. Interactive Brokers Group, Inc. has a fifty-two week low of $58.95 and a fifty-two week high of $97.84.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last announced 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 business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. Interactive Brokers Group’s revenue was up 28.1% compared to the same quarter last year. Analysts predict that Interactive Brokers Group, Inc. will post 2.64 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of recent analyst reports. Piper Sandler set a $109.00 target price on shares of Interactive Brokers Group in a report on Wednesday. Jefferies Financial Group lowered their price objective 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 reaffirmed an “outperform” rating and issued a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday. Keefe, Bruyette & Woods started coverage on 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, Bank of America upped their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.89.

Check Out Our Latest Analysis on IBKR

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were 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 owned 173,482 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.

About Interactive Brokers Group

(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.

See Also

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

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