ANTIPODES PARTNERS Ltd Has $30.08 Million Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

ANTIPODES PARTNERS Ltd lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 17.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 245,387 shares of the financial services provider’s stock after selling 52,935 shares during the period. Interactive Brokers Group accounts for approximately 1.1% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 29th largest position. ANTIPODES PARTNERS Ltd’s holdings in Interactive Brokers Group were worth $30,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Interactive Brokers Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock valued at $803,306,000 after acquiring an additional 123,226 shares during the period. Bares Capital Management Inc. lifted its position in shares of Interactive Brokers Group by 10.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after acquiring an additional 264,543 shares during the period. Norges Bank acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at $97,476,000. Wells Fargo & Company MN increased its stake in Interactive Brokers Group by 1.4% during the 4th quarter. Wells Fargo & Company MN now owns 968,669 shares of the financial services provider’s stock valued at $80,303,000 after purchasing an additional 13,145 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after purchasing an additional 524,503 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.4 %

Shares of Interactive Brokers Group stock opened at $126.06 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $129.19. The company has a market cap of $53.08 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 1.15 and a beta of 0.81. The company’s 50-day moving average price is $121.67 and its 200-day moving average price is $117.93.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Analyst Ratings Changes

A number of analysts have commented on IBKR shares. Barclays boosted their price target on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. UBS Group boosted their price target on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Finally, Jefferies Financial Group boosted their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.33.

About Interactive Brokers Group

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.