NEOS Investment Management LLC grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 15.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 72,737 shares of the financial services provider’s stock after acquiring an additional 9,513 shares during the quarter. NEOS Investment Management LLC’s holdings in Interactive Brokers Group were worth $6,331,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in Interactive Brokers Group by 24.7% during the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 2,713 shares during the last quarter. Brown Advisory Inc. increased its stake in Interactive Brokers Group by 307.9% in the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after purchasing an additional 10,943 shares in the last quarter. Cerity Partners LLC acquired a new stake in Interactive Brokers Group in the second quarter worth $318,000. Daiwa Securities Group Inc. raised its holdings in Interactive Brokers Group by 291.2% in the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock worth $1,973,000 after purchasing an additional 26,500 shares during the period. Finally, AXA S.A. boosted its position in shares of Interactive Brokers Group by 128.1% during the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after purchasing an additional 7,197 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 equities analysts have recently issued reports on the stock. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Raymond James Financial initiated coverage on Interactive Brokers Group in a report on Wednesday, August 26th. They set a “market perform” rating on the stock. Wolfe Research began coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target for the company. Finally, Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.90.
Interactive Brokers Group Stock Down 0.4%
Interactive Brokers Group stock opened at $92.62 on Friday. The stock has a market capitalization of $157.58 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $98.75. The company has a 50 day moving average of $92.03 and a 200-day moving average of $83.14.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (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 company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 28.1% compared to the same quarter last year. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.68 EPS 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. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. 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 is 14.00%.
About Interactive Brokers Group
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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