Tower Research Capital LLC TRC lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 155.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,998 shares of the financial services provider’s stock after purchasing an additional 3,043 shares during the period. Tower Research Capital LLC TRC’s holdings in Interactive Brokers Group were worth $412,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Belpointe Asset Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $25,000. Venturi Wealth Management LLC bought a new position in Interactive Brokers Group during the 1st quarter worth about $26,000. Banque Cantonale Vaudoise bought a new position in Interactive Brokers Group during the 1st quarter worth about $31,000. Eagle Bay Advisors LLC bought a new position in Interactive Brokers Group during the 2nd quarter worth about $31,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Interactive Brokers Group by 496.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 602 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 501 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Barclays increased their target price on shares of Interactive Brokers Group from $97.00 to $106.00 in a report on Thursday, July 13th. StockNews.com assumed coverage on shares of Interactive Brokers Group in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $104.00 to $106.00 in a report on Monday, June 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $113.60.
Interactive Brokers Group Stock Performance
NASDAQ:IBKR opened at $91.35 on Wednesday. Interactive Brokers Group, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $93.49. The stock has a market capitalization of $38.46 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.81 and a beta of 0.80. The company’s 50-day simple moving average is $85.60 and its 200-day simple moving average is $82.51.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.08). The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.06 billion. Interactive Brokers Group had a net margin of 8.14% and a return on equity of 4.41%. The firm’s quarterly revenue was up 52.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. On average, research 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 disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, August 31st. Interactive Brokers Group’s payout ratio is currently 8.16%.
About Interactive Brokers Group
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.
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