Interactive Brokers Group, Inc. $IBKR Shares Purchased by Bamco Inc. NY

Bamco Inc. NY raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,643,376 shares of the financial services provider’s stock after purchasing an additional 33,608 shares during the period. Interactive Brokers Group accounts for approximately 0.8% of Bamco Inc. NY’s holdings, making the stock its 20th biggest position. Bamco Inc. NY’s holdings in Interactive Brokers Group were worth $298,616,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. boosted its stake in Interactive Brokers Group by 61.8% during the 3rd quarter. Citigroup Inc. now owns 2,432,598 shares of the financial services provider’s stock valued at $167,387,000 after purchasing an additional 928,978 shares during the period. Crocodile Capital Partners GmbH acquired a new position in Interactive Brokers Group during the 4th quarter valued at about $12,041,000. New Millennium Group LLC boosted its stake in Interactive Brokers Group by 3,128.5% during the 3rd quarter. New Millennium Group LLC now owns 88,462 shares of the financial services provider’s stock valued at $6,087,000 after purchasing an additional 85,722 shares during the period. Fifth Third Bancorp boosted its stake in Interactive Brokers Group by 12.9% during the 3rd quarter. Fifth Third Bancorp now owns 163,007 shares of the financial services provider’s stock valued at $11,217,000 after purchasing an additional 18,574 shares during the period. Finally, OFI Invest Asset Management acquired a new position in Interactive Brokers Group during the 4th quarter valued at about $22,356,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IBKR shares. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research note on Friday, May 1st. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target on the stock. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $85.22.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $95.09 on Thursday. The firm has a market cap of $161.31 billion, a PE ratio of 40.99, a P/E/G ratio of 2.57 and a beta of 1.32. The firm’s 50 day moving average price is $82.75 and its two-hundred day moving average price is $74.17. Interactive Brokers Group, Inc. has a twelve month low of $49.30 and a twelve month high of $96.75.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

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.