Bank of New York Mellon Corp Buys 20,292 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Posted by Defense World Staff on Aug 18th, 2023

Bank of New York Mellon Corp grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 979,673 shares of the financial services provider’s stock after buying an additional 20,292 shares during the quarter. Bank of New York Mellon Corp owned 0.23% of Interactive Brokers Group worth $80,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group in the first quarter worth $26,000. Belpointe Asset Management LLC bought a new stake in Interactive Brokers Group in the 4th quarter worth approximately $25,000. Banque Cantonale Vaudoise bought a new position in shares of Interactive Brokers Group during the 1st quarter valued at approximately $31,000. Eagle Bay Advisors LLC bought a new position in shares of Interactive Brokers Group during the 2nd quarter valued at approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Interactive Brokers Group by 45.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 573 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 179 shares in the last quarter. 21.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several recent analyst reports. Barclays increased their target price on shares of Interactive Brokers Group from $97.00 to $106.00 in a research note on Thursday, July 13th. StockNews.com initiated coverage on Interactive Brokers Group in a research report on Thursday. They set a “hold” rating on the stock. Finally, Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $104.00 to $106.00 in a research report on Monday, June 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $113.60.

View Our Latest Report on IBKR

Interactive Brokers Group Trading Down 0.8 %

NASDAQ:IBKR opened at $90.59 on Friday. The company has a market capitalization of $38.01 billion, a P/E ratio of 18.49, a PEG ratio of 0.81 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12 month low of $59.56 and a 12 month high of $93.33. The firm has a fifty day simple moving average of $84.80 and a 200-day simple moving average of $82.26.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.08). Interactive Brokers Group had a return on equity of 4.41% and a net margin of 8.14%. The business had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company posted $0.84 EPS. Interactive Brokers Group’s quarterly revenue was up 52.4% compared to the same quarter last year. Equities analysts forecast that Interactive Brokers Group, Inc. will post 5.64 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Thursday, August 31st. Interactive Brokers Group’s payout ratio is presently 8.16%.

About Interactive Brokers Group

(Free Report)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.