10,000 Shares in Interactive Brokers Group, Inc. $IBKR Purchased by American Investment Services Inc.

American Investment Services Inc. acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the financial services provider’s stock, valued at approximately $671,000.

A number of other institutional investors also recently added to or reduced their stakes in IBKR. AQR Capital Management LLC increased its position 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 purchasing an additional 2,713 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Interactive Brokers Group by 307.9% in the 2nd quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after buying an additional 10,943 shares during the period. Cerity Partners LLC purchased a new stake in shares of Interactive Brokers Group in the second quarter valued at approximately $318,000. Daiwa Securities Group Inc. boosted its stake in shares of 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 valued at $1,973,000 after buying an additional 26,500 shares in the last quarter. Finally, AXA S.A. grew its holdings in 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 acquiring an additional 7,197 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR opened at $93.50 on Thursday. The company has a market cap of $158.61 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.16 and a beta of 1.33. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $97.84. The business’s fifty day moving average is $89.93 and its two-hundred day moving average is $79.18.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Interactive Brokers Group had a return on equity of 5.49% and a net margin of 9.94%.The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. On average, analysts predict that Interactive Brokers Group, Inc. will post 2.55 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm 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 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

More Interactive Brokers Group News

Here are the key news stories impacting Interactive Brokers Group this week:

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction dated 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 transaction, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a report on Friday, May 1st. China Renaissance initiated coverage on shares of Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating on the stock. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a report on Wednesday. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. Finally, Jefferies Financial Group reduced their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.89.

Read Our Latest Stock Report on Interactive Brokers Group

Interactive Brokers Group Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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