Janus Henderson Group PLC Purchases 6,274 Shares of Interactive Brokers Group, Inc. $IBKR

Janus Henderson Group PLC raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 85,766 shares of the financial services provider’s stock after acquiring an additional 6,274 shares during the quarter. Janus Henderson Group PLC’s holdings in Interactive Brokers Group were worth $5,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBKR. Reflection Asset Management bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $26,000. IMA Advisory Services Inc. boosted its holdings in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares during the period. Tobam bought a new position in Interactive Brokers Group in the 4th quarter worth approximately $30,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group in the 4th quarter valued at approximately $31,000. Finally, SHP Wealth Management purchased a new position in Interactive Brokers Group in the 4th quarter valued at approximately $31,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $86.02 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $97.84. The stock has a 50 day simple moving average of $91.14 and a two-hundred day simple moving average of $80.58. The firm has a market cap of $145.92 billion, a P/E ratio of 34.41, a P/E/G ratio of 1.64 and a beta of 1.34.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The firm’s revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be 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%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler set a $109.00 price objective on Interactive Brokers Group in a research note on Wednesday, July 22nd. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a report on Friday, May 1st. Barclays set a $114.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Wolfe Research started coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.