Interactive Brokers Group, Inc. $IBKR Stake Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 2,530,644 shares of the financial services provider’s stock after buying an additional 49,401 shares during the quarter. Bank of New York Mellon Corp’s holdings in Interactive Brokers Group were worth $162,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in Interactive Brokers Group during the 3rd quarter valued at about $27,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group during the 4th quarter valued at about $31,000. Tucker Asset Management LLC purchased a new position in Interactive Brokers Group during the 4th quarter valued at about $32,000. Lloyd Advisory Services LLC. purchased a new position in Interactive Brokers Group during the 4th quarter valued at about $33,000. Finally, Blue Trust Inc. grew its stake in Interactive Brokers Group by 236.0% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BMO Capital Markets upped their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Piper Sandler upped their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Barclays upped their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.25.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $84.40 on Friday. The firm has a market cap of $143.17 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.41 and a beta of 1.32. Interactive Brokers Group, Inc. has a 52 week low of $49.15 and a 52 week high of $91.02. The business’s 50-day simple moving average is $79.02 and its 200-day simple moving average is $72.58.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business posted $1.94 earnings per share. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

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

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the sale, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by company insiders.

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.