1832 Asset Management L.P. Lowers Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

1832 Asset Management L.P. cut its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 609,981 shares of the financial services provider’s stock after selling 65,021 shares during the period. 1832 Asset Management L.P. owned approximately 0.14% of Interactive Brokers Group worth $68,141,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Interactive Brokers Group during the fourth quarter valued at approximately $97,476,000. Goldman Sachs Group Inc. increased its position in shares of Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after acquiring an additional 524,503 shares during the period. Woodson Capital Management LP purchased a new stake in shares of Interactive Brokers Group in the 4th quarter worth $16,000,000. Assenagon Asset Management S.A. raised its holdings in shares of Interactive Brokers Group by 254.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 244,099 shares of the financial services provider’s stock valued at $20,236,000 after acquiring an additional 175,194 shares in the last quarter. Finally, Scout Investments Inc. bought a new stake in shares of Interactive Brokers Group in the first quarter valued at about $18,335,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 0.2 %

Shares of NASDAQ:IBKR traded up $0.23 during midday trading on Friday, reaching $118.80. The company’s stock had a trading volume of 839,554 shares, compared to its average volume of 1,041,175. The firm has a market cap of $50.02 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $129.19. The business has a 50 day moving average price of $123.45 and a 200 day moving average price of $112.46.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.76 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

Analysts Set New Price Targets

Several research firms have issued reports on IBKR. UBS Group lifted their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Bank of America boosted their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Citigroup boosted their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Barclays upped their target price on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group boosted their price target on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.33.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.