Fmr LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 59.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 140,137 shares of the financial services provider’s stock after buying an additional 51,973 shares during the period. Fmr LLC’s holdings in Interactive Brokers Group were worth $9,027,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of IBKR. BNP Paribas Arbitrage SA boosted its holdings in shares of Interactive Brokers Group by 2,902.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 285,232 shares of the financial services provider’s stock worth $18,372,000 after buying an additional 275,731 shares during the period. Greenwich Wealth Management LLC boosted its holdings in Interactive Brokers Group by 76.4% in the 2nd quarter. Greenwich Wealth Management LLC now owns 549,833 shares of the financial services provider’s stock valued at $35,415,000 after purchasing an additional 238,160 shares during the period. BlackRock Inc. boosted its holdings in Interactive Brokers Group by 3.0% in the 2nd quarter. BlackRock Inc. now owns 6,209,070 shares of the financial services provider’s stock valued at $399,926,000 after purchasing an additional 182,967 shares during the period. Cookson Peirce & Co. Inc. boosted its holdings in Interactive Brokers Group by 446.0% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 190,880 shares of the financial services provider’s stock valued at $12,295,000 after purchasing an additional 155,920 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in Interactive Brokers Group in the 2nd quarter valued at $9,203,000. 14.79% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on IBKR. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. BidaskClub raised shares of Interactive Brokers Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 18th. Finally, SunTrust Banks reduced their price target on shares of Interactive Brokers Group to $71.00 and set a “$65.34” rating for the company in a report on Wednesday, July 18th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $69.86.
Shares of Interactive Brokers Group stock opened at $55.86 on Tuesday. Interactive Brokers Group, Inc. has a fifty-two week low of $47.05 and a fifty-two week high of $80.32. The firm has a market capitalization of $22.89 billion, a price-to-earnings ratio of 36.51, a P/E/G ratio of 1.26 and a beta of 0.97.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $445.00 million during the quarter, compared to the consensus estimate of $409.02 million. Interactive Brokers Group had a net margin of 5.19% and a return on equity of 2.29%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 2.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, August 30th. Interactive Brokers Group’s payout ratio is 26.14%.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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