Interactive Brokers Group, Inc. $IBKR Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 28.0% in the 1st quarter, HoldingsChannel reports. The firm owned 35,891 shares of the financial services provider’s stock after buying an additional 7,850 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Interactive Brokers Group were worth $2,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBKR. Norges Bank purchased a new stake in Interactive Brokers Group in the 4th quarter worth approximately $453,146,000. Orbis Allan Gray Ltd grew its stake in shares of Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after buying an additional 6,246,715 shares during the period. Bank of America Corp DE grew its stake in shares of Interactive Brokers Group by 225.4% during the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after buying an additional 5,260,923 shares during the period. State Street Corp increased its holdings in shares of Interactive Brokers Group by 23.2% during the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock worth $1,283,221,000 after buying an additional 3,517,729 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Interactive Brokers Group by 44.1% in the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after buying an additional 2,534,772 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 1.5%

NASDAQ:IBKR opened at $90.91 on Wednesday. The stock has a 50 day moving average of $90.37 and a 200-day moving average of $79.77. The firm has a market capitalization of $154.22 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 2.00 and a beta of 1.33. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business posted $0.51 EPS. Interactive Brokers Group’s revenue was up 28.1% on a year-over-year basis. As a group, analysts predict that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is currently 14.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IBKR. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Jefferies Financial Group reduced their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Barclays set a $114.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Bank of America raised their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Piper Sandler set a $109.00 price objective on Interactive Brokers Group in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.89.

About Interactive Brokers Group

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.