Interactive Brokers Group, Inc. $IBKR Shares Acquired by AXQ Capital LP

AXQ Capital LP raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 69.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 38,416 shares of the financial services provider’s stock after purchasing an additional 15,782 shares during the period. Interactive Brokers Group makes up approximately 0.6% of AXQ Capital LP’s investment portfolio, making the stock its 14th biggest position. AXQ Capital LP’s holdings in Interactive Brokers Group were worth $2,471,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IBKR. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. Entrust Financial LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $31,000. Tucker Asset Management LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $32,000. Lloyd Advisory Services LLC. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $33,000. Finally, Blue Trust Inc. boosted its position in shares of Interactive Brokers Group by 236.0% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after buying an additional 472 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $88.69 on Tuesday. The stock has a market capitalization of $150.45 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32. The business’s fifty day moving average price is $77.44 and its two-hundred day moving average price is $72.10. Interactive Brokers Group, Inc. has a fifty-two week low of $49.15 and a fifty-two week high of $91.02.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 earnings per share. Research analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a $0.0875 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s payout ratio is presently 13.79%.

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 stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IBKR. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday, May 1st. Barclays raised their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. Finally, BMO Capital Markets raised their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $83.25.

About Interactive Brokers Group

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.