Gotham Asset Management LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,591 shares of the financial services provider’s stock after buying an additional 479 shares during the period. Gotham Asset Management LLC’s holdings in Interactive Brokers Group were worth $368,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in IBKR. BlackRock Inc. increased its position in Interactive Brokers Group by 75,132.1% in the first quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after buying an additional 6,620,639 shares in the last quarter. Vanguard Group Inc. increased its position in Interactive Brokers Group by 5.8% in the first quarter. Vanguard Group Inc. now owns 5,822,138 shares of the financial services provider’s stock valued at $202,144,000 after buying an additional 320,626 shares in the last quarter. Baillie Gifford & Co. increased its position in Interactive Brokers Group by 4.1% in the first quarter. Baillie Gifford & Co. now owns 5,725,434 shares of the financial services provider’s stock valued at $198,787,000 after buying an additional 226,195 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Interactive Brokers Group by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,929,271 shares of the financial services provider’s stock valued at $66,984,000 after buying an additional 99,505 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Interactive Brokers Group by 9.9% in the first quarter. State Street Corp now owns 1,172,498 shares of the financial services provider’s stock valued at $40,704,000 after buying an additional 105,435 shares during the last quarter. 14.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Interactive Brokers Group, Inc. (IBKR) traded up 3.28% on Friday, hitting $38.76. 1,223,485 shares of the stock traded hands. The stock has a 50 day moving average price of $37.08 and a 200-day moving average price of $36.50. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 35.59 and a beta of 0.93. Interactive Brokers Group, Inc. has a 52 week low of $31.97 and a 52 week high of $39.68.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.05. The business had revenue of $387 million during the quarter, compared to the consensus estimate of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post $1.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.03%. Interactive Brokers Group’s payout ratio is 38.84%.
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IBKR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research report on Tuesday, June 20th. Wells Fargo & Company downgraded shares of Interactive Brokers Group from a “market perform” rating to an “underperform” rating in a research note on Monday, April 3rd. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a research note on Tuesday, April 4th. Rosenblatt Securities began coverage on shares of Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.17.
About Interactive Brokers Group
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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