Interactive Brokers Group, Inc. $IBKR Shares Purchased by Saudi Central Bank

Saudi Central Bank increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 80.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 29,621 shares of the financial services provider’s stock after purchasing an additional 13,182 shares during the quarter. Saudi Central Bank’s holdings in Interactive Brokers Group were worth $2,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new position in shares of Interactive Brokers Group in the 2nd quarter valued at $612,000. AlphaGrep UK Ltd acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter worth about $391,000. Plan A Wealth LLC purchased a new stake in Interactive Brokers Group in the 2nd quarter valued at about $271,000. Raiffeisen Bank International AG raised its holdings in Interactive Brokers Group by 0.9% in the 2nd quarter. Raiffeisen Bank International AG now owns 389,970 shares of the financial services provider’s stock valued at $34,365,000 after buying an additional 3,473 shares during the period. Finally, Sapient Capital LLC acquired a new position in Interactive Brokers Group in the second quarter valued at about $214,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the subject of several research analyst reports. 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. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday, September 2nd. Raymond James Financial initiated coverage on shares of Interactive Brokers Group in a research report on Wednesday, August 26th. They set a “market perform” rating for the company. Finally, Bank of America lifted their target price on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.90.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $92.62 on Tuesday. The company has a market cap of $157.58 billion, a P/E ratio of 37.05, a P/E/G ratio of 1.71 and a beta of 1.35. The stock has a 50-day moving average of $92.12 and a two-hundred day moving average of $83.33. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 2.68 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is presently 14.00%.

Interactive Brokers Group 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.