Van ECK Associates Corp Raises Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Van ECK Associates Corp increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 26.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,711 shares of the financial services provider’s stock after acquiring an additional 9,082 shares during the period. Van ECK Associates Corp’s holdings in Interactive Brokers Group were worth $4,883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBKR. Oliver Luxxe Assets LLC increased its position in shares of Interactive Brokers Group by 1.8% during the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 126 shares in the last quarter. Toroso Investments LLC grew its position in Interactive Brokers Group by 1.1% during the 3rd quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 133 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Interactive Brokers Group by 22.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 135 shares during the period. Yousif Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 0.3% during the fourth quarter. Yousif Capital Management LLC now owns 49,785 shares of the financial services provider’s stock worth $4,127,000 after buying an additional 152 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its position in Interactive Brokers Group by 2.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,763 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 153 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded down $1.43 during trading on Friday, hitting $124.10. The company’s stock had a trading volume of 451,806 shares, compared to its average volume of 1,027,891. The stock’s fifty day moving average is $122.73 and its 200 day moving average is $108.04. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $129.19. The stock has a market capitalization of $52.26 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 1.23 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.63 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 $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 6.68 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.25 per share. The ex-dividend date was Friday, May 31st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. Interactive Brokers Group’s payout ratio is currently 17.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IBKR shares. Barclays increased their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Citigroup lifted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Piper Sandler upped their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Bank of America lifted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group increased their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.00.

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.