Parallel Advisors LLC Has $520,000 Position in Interactive Brokers Group, Inc. $IBKR

Parallel Advisors LLC lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 341.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,759 shares of the financial services provider’s stock after buying an additional 6,003 shares during the period. Parallel Advisors LLC’s holdings in Interactive Brokers Group were worth $520,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IBKR. HM Payson & Co. raised its holdings in Interactive Brokers Group by 5.8% in the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 133 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 143 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Interactive Brokers Group by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock valued at $1,172,000 after purchasing an additional 150 shares in the last quarter. S&CO Inc. raised its stake in shares of Interactive Brokers Group by 0.3% in the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after purchasing an additional 160 shares in the last quarter. Finally, Forefront Wealth Partners LLC raised its stake in shares of Interactive Brokers Group by 2.1% in the fourth quarter. Forefront Wealth Partners LLC now owns 8,175 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 169 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on IBKR shares. China Renaissance initiated coverage on shares of Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating on the stock. Barclays set a $114.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. 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. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Bank of America upped their target price on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $96.89.

Interactive Brokers Group Stock Up 3.2%

Shares of Interactive Brokers Group stock opened at $90.66 on Tuesday. The stock has a market capitalization of $153.79 billion, a P/E ratio of 36.26, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34. The company has a 50-day simple moving average of $91.20 and a 200 day simple moving average of $80.82. Interactive Brokers Group, Inc. has a 12-month low of $58.95 and a 12-month high of $97.84.

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

Interactive Brokers Group Announces Dividend

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

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.