Rakuten Securities Inc. Takes Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Rakuten Securities Inc. bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 407 shares of the financial services provider’s stock, valued at approximately $34,000.

A number of other institutional investors have also recently modified their holdings of the stock. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth $31,000. Headlands Technologies LLC acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth $40,000. Atlas Capital Advisors LLC acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth $40,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Interactive Brokers Group by 496.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 602 shares of the financial services provider’s stock worth $44,000 after buying an additional 501 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IBKR. Citigroup boosted their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Jefferies Financial Group upped their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group lowered their target price on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. Finally, Barclays upped their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $124.00.

Interactive Brokers Group Trading Up 1.3 %

NASDAQ IBKR opened at $110.60 on Friday. The business’s 50-day moving average price is $108.49 and its two-hundred day moving average price is $92.68. Interactive Brokers Group, Inc. has a 12 month low of $70.83 and a 12 month high of $116.92. The firm has a market capitalization of $46.57 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.22 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 6.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.25 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. Interactive Brokers Group’s dividend payout ratio is presently 6.84%.

Insider Activity at Interactive Brokers Group

In related news, insider Thomas Aj Frank sold 50,300 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the sale, the insider now owns 445,352 shares in the company, valued at approximately $40,317,716.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Thomas Aj Frank sold 50,300 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the sale, the insider now owns 445,352 shares in the company, valued at approximately $40,317,716.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares in the company, valued at approximately $22,585,012.08. The disclosure for this sale can be found here. Insiders have sold a total of 428,883 shares of company stock worth $40,395,135 in the last 90 days. Corporate insiders own 3.21% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.