Central Pacific Bank Trust Division acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,755 shares of the financial services provider’s stock, valued at approximately $849,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. HM Payson & Co. increased its stake in shares of Interactive Brokers Group by 5.8% in the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after buying an additional 133 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Interactive Brokers Group by 1.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after buying an additional 143 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Interactive Brokers Group by 0.9% during 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 buying an additional 150 shares in the last quarter. S&CO Inc. grew its holdings in Interactive Brokers Group by 0.3% during the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after acquiring an additional 160 shares during the last quarter. Finally, Forefront Wealth Partners LLC grew 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 acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.
Analysts Set New Price Targets
IBKR has been the subject of a number of research analyst reports. Barclays set a $114.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Bank of America raised their price target on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a report on Friday, May 1st. Two 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.89.
Interactive Brokers Group Trading Up 0.1%
Interactive Brokers Group stock opened at $88.74 on Thursday. The company has a market cap of $150.53 billion, a PE ratio of 35.50, a PEG ratio of 1.63 and a beta of 1.34. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $97.84. The company’s 50-day moving average is $91.08 and its two-hundred day moving average is $80.49.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly 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. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. Interactive Brokers Group’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. Research analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.
Interactive Brokers Group Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.00%.
Interactive Brokers Group Company 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.
Featured Stories
- Five stocks we like better than Interactive Brokers Group
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
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:IBKR – Free Report).
Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.
