Bleakley Financial Group LLC Takes Position in Interactive Brokers Group, Inc. $IBKR

Bleakley Financial Group LLC purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the first quarter, Holdings Channel reports. The fund purchased 10,923 shares of the financial services provider’s stock, valued at approximately $733,000.

A number of other hedge funds also recently bought and sold shares of the business. Reflection Asset Management acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $26,000. IMA Advisory Services Inc. raised its stake in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares during the period. Tobam acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $30,000. Entrust Financial LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at approximately $31,000. Finally, SHP Wealth Management purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Activity

In other news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. Jefferies Financial Group decreased their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Bank of America lifted their target price on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets boosted their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Barclays boosted their target price on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.89.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $90.53 on Friday. The business’s 50 day moving average price is $89.43 and its 200-day moving average price is $78.48. The firm has a market capitalization of $153.57 billion, a PE ratio of 39.02, a P/E/G ratio of 2.07 and a beta of 1.33. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the business earned $1.94 earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, analysts expect that Interactive Brokers Group, Inc. will post 2.55 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a dividend of $0.0875 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 15.09%.

Interactive Brokers Group 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.