AGF Management Ltd. Purchases 18,616 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

AGF Management Ltd. lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 546,471 shares of the financial services provider’s stock after purchasing an additional 18,616 shares during the quarter. AGF Management Ltd. owned 0.13% of Interactive Brokers Group worth $66,997,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $97,476,000. Goldman Sachs Group Inc. lifted its stake in Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after purchasing an additional 524,503 shares during the period. Bares Capital Management Inc. boosted its holdings in Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after purchasing an additional 264,543 shares in the last quarter. Woodson Capital Management LP acquired a new stake in Interactive Brokers Group during the fourth quarter valued at approximately $16,000,000. Finally, Scout Investments Inc. bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at approximately $18,335,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on IBKR. UBS Group raised their target price on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday. Barclays boosted their target price 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. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $128.00 to $135.00 in a research report 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 report on Monday, July 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.44.

Interactive Brokers Group Stock Down 1.7 %

Shares of NASDAQ:IBKR opened at $122.05 on Wednesday. The firm has a market cap of $51.39 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.09 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $129.19. The company’s 50-day moving average price is $121.50 and its two-hundred day moving average price is $118.48.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. Interactive Brokers Group’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders 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 annualized dividend and a dividend yield of 0.82%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

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.