23,777 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Titan Investment Solutions Ltd

Titan Investment Solutions Ltd purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 23,777 shares of the financial services provider’s stock, valued at approximately $1,529,000.

Several other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $34,000. Milford Funds Ltd. acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $26,800,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Interactive Brokers Group by 11.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,998,267 shares of the financial services provider’s stock worth $128,509,000 after purchasing an additional 207,524 shares during the last quarter. Korea Investment CORP lifted its holdings in Interactive Brokers Group by 23.9% during the 4th quarter. Korea Investment CORP now owns 337,772 shares of the financial services provider’s stock worth $21,722,000 after purchasing an additional 65,200 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Interactive Brokers Group by 1.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 138,239 shares of the financial services provider’s stock worth $8,890,000 after purchasing an additional 1,714 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $90.81 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $49.30 and a 52-week high of $93.10. The business’s fifty day moving average is $81.21 and its 200-day moving average is $73.46. The firm has a market cap of $154.05 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 2.45 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the company posted $1.94 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio is 15.09%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wolfe Research assumed coverage on Interactive Brokers Group in a research note on Monday. They set an “outperform” rating and a $101.00 price objective on the stock. Piper Sandler raised their price objective on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. BMO Capital Markets raised their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday, May 1st. Finally, Barclays raised their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.22.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.