65,834 Shares in Interactive Brokers Group, Inc. $IBKR Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 65,834 shares of the financial services provider’s stock, valued at approximately $4,415,000.

A number of other large investors also recently modified their holdings of the company. Crocodile Capital Partners GmbH purchased a new position in Interactive Brokers Group during the 4th quarter worth approximately $12,041,000. Covenant Asset Management LLC purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $3,028,000. OFI Invest Asset Management purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $22,356,000. Leonteq Securities AG acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $1,746,000. Finally, Successful Portfolios LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $1,431,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IBKR shares. Piper Sandler lifted their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Barclays lifted their price objective on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reduced their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. 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 stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $85.22.

Insider Activity

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $91.33 on Monday. The firm has a market cap of $154.93 billion, a P/E ratio of 39.37, a PEG ratio of 2.52 and a beta of 1.33. The stock’s 50 day simple moving average is $86.64 and its 200-day simple moving average is $76.50. Interactive Brokers Group, Inc. has a 12-month low of $56.33 and a 12-month high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping 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 business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

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.