1,643 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Bought by LRI Investments LLC

LRI Investments LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,643 shares of the financial services provider’s stock, valued at approximately $198,000.

Several other large investors have also recently bought and sold shares of IBKR. SG Americas Securities LLC raised its position in Interactive Brokers Group by 698.7% in the fourth quarter. SG Americas Securities LLC now owns 13,858 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 12,123 shares during the last quarter. Raymond James & Associates raised its position in Interactive Brokers Group by 3.2% in the fourth quarter. Raymond James & Associates now owns 390,183 shares of the financial services provider’s stock valued at $32,346,000 after purchasing an additional 12,231 shares during the last quarter. Pacer Advisors Inc. raised its position in Interactive Brokers Group by 62.7% in the fourth quarter. Pacer Advisors Inc. now owns 20,075 shares of the financial services provider’s stock valued at $1,664,000 after purchasing an additional 7,735 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Interactive Brokers Group by 254.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 244,099 shares of the financial services provider’s stock valued at $20,236,000 after purchasing an additional 175,194 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in Interactive Brokers Group by 74.8% in the fourth quarter. DAVENPORT & Co LLC now owns 4,960 shares of the financial services provider’s stock valued at $411,000 after purchasing an additional 2,123 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IBKR has been the subject of several recent research reports. UBS Group increased their price target on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Barclays increased their price target on Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Bank of America increased their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Citigroup increased their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.33.

Interactive Brokers Group Trading Up 0.2 %

NASDAQ IBKR traded up $0.23 during trading hours on Friday, hitting $118.80. 839,554 shares of the company’s stock were exchanged, compared to its average volume of 1,041,175. The stock has a 50-day simple moving average of $123.45 and a 200 day simple moving average of $112.46. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $129.19. The firm has a market cap of $50.02 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.07 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.76 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.84%. Interactive Brokers Group’s payout ratio is currently 17.09%.

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.