Raleigh Capital Management Inc. boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 25.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 909 shares of the financial services provider’s stock after acquiring an additional 184 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Interactive Brokers Group were worth $75,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in IBKR. Orbis Allan Gray Ltd increased its position in shares of Interactive Brokers Group by 68.7% in the first quarter. Orbis Allan Gray Ltd now owns 7,164,239 shares of the financial services provider’s stock valued at $591,480,000 after buying an additional 2,918,748 shares in the last quarter. Bank of America Corp DE increased its position in shares of Interactive Brokers Group by 1,311.8% in the fourth quarter. Bank of America Corp DE now owns 1,474,936 shares of the financial services provider’s stock valued at $106,712,000 after buying an additional 1,370,464 shares in the last quarter. Norges Bank purchased a new position in shares of Interactive Brokers Group in the fourth quarter valued at $97,717,000. Junto Capital Management LP purchased a new position in shares of Interactive Brokers Group in the fourth quarter valued at $60,377,000. Finally, Vanguard Group Inc. increased its position in shares of Interactive Brokers Group by 7.0% in the third quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock valued at $577,435,000 after buying an additional 592,266 shares in the last quarter. Hedge funds and other institutional investors own 21.56% of the company’s stock.
Analysts Set New Price Targets
IBKR has been the subject of a number of recent research reports. Barclays lifted their price objective on Interactive Brokers Group from $97.00 to $106.00 in a research report on Thursday, July 13th. StockNews.com initiated coverage on Interactive Brokers Group in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Jefferies Financial Group lifted their price objective on 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 given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $113.60.
Interactive Brokers Group Trading Up 0.7 %
Shares of NASDAQ:IBKR opened at $92.70 on Friday. The stock’s 50-day moving average price is $89.40 and its two-hundred day moving average price is $83.29. Interactive Brokers Group, Inc. has a 12-month low of $62.70 and a 12-month high of $95.59. The firm has a market cap of $39.02 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 0.82 and a beta of 0.79.
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 (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $0.84 earnings per share. The firm’s quarterly revenue was up 52.4% on a year-over-year basis. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 5.62 earnings per share for the current fiscal year.
Interactive Brokers Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Thursday, August 31st. Interactive Brokers Group’s payout ratio is 8.16%.
Insider Activity
In other news, insider Thomas Aj Frank sold 20,593 shares of Interactive Brokers Group stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $94.61, for a total value of $1,948,303.73. Following the transaction, the insider now directly owns 1,041,275 shares of the company’s stock, valued at approximately $98,515,027.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Thomas Aj Frank sold 20,593 shares of Interactive Brokers Group stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $94.61, for a total value of $1,948,303.73. Following the transaction, the insider now directly owns 1,041,275 shares of the company’s stock, valued at approximately $98,515,027.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 11,747 shares of Interactive Brokers Group stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $94.64, for a total value of $1,111,736.08. Following the completion of the transaction, the chief financial officer now directly owns 488,253 shares in the company, valued at $46,208,263.92. The disclosure for this sale can be found here. Corporate insiders own 3.34% of the company’s stock.
Interactive Brokers Group Profile
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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