Dorsey Wright & Associates Invests $6.28 Million in Interactive Brokers Group, Inc. $IBKR

Dorsey Wright & Associates acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 93,675 shares of the financial services provider’s stock, valued at approximately $6,283,000.

Several other institutional investors and hedge funds have also bought and sold shares of IBKR. AQR Capital Management LLC boosted its holdings in Interactive Brokers Group by 24.7% in the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after buying an additional 2,713 shares during the period. Brown Advisory Inc. raised its holdings in Interactive Brokers Group by 307.9% during the 2nd quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after acquiring an additional 10,943 shares during the period. Cerity Partners LLC purchased a new stake in shares of Interactive Brokers Group during the second quarter worth $318,000. Daiwa Securities Group Inc. lifted its position in shares of Interactive Brokers Group by 291.2% during the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock worth $1,973,000 after acquiring an additional 26,500 shares in the last quarter. Finally, AXA S.A. boosted its holdings in shares of Interactive Brokers Group by 128.1% in the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after acquiring an additional 7,197 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Down 1.8%

IBKR opened at $90.53 on Friday. The business’s fifty day simple moving average is $89.43 and its 200 day simple moving average is $78.48. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $97.84. The stock has a market cap of $153.57 billion, a PE ratio of 39.02, a P/E/G ratio of 2.11 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business posted $1.94 EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.55 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IBKR shares. Jefferies Financial Group reduced their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research note on Friday, May 1st. Bank of America lifted their target price on Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday. Piper Sandler set a $105.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday. Finally, Wolfe Research started coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.89.

Insider Transactions at Interactive Brokers Group

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

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.