Kepler Cheuvreux Suisse SA Buys 8,786 Shares of Interactive Brokers Group, Inc. $IBKR

Kepler Cheuvreux Suisse SA grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 48,250 shares of the financial services provider’s stock after buying an additional 8,786 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in Interactive Brokers Group were worth $3,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Howe & Rusling Inc. lifted its holdings in shares of Interactive Brokers Group by 68.3% during the 1st quarter. Howe & Rusling Inc. now owns 7,098 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 2,880 shares during the last quarter. QRG Capital Management Inc. grew its position in Interactive Brokers Group by 240.4% in the first quarter. QRG Capital Management Inc. now owns 88,799 shares of the financial services provider’s stock worth $5,956,000 after acquiring an additional 62,711 shares in the last quarter. HB Wealth Management LLC increased its stake in Interactive Brokers Group by 26.6% in the first quarter. HB Wealth Management LLC now owns 12,373 shares of the financial services provider’s stock valued at $830,000 after acquiring an additional 2,597 shares during the last quarter. Moran Wealth Management LLC increased its stake in Interactive Brokers Group by 62.7% in the first quarter. Moran Wealth Management LLC now owns 165,986 shares of the financial services provider’s stock valued at $11,133,000 after acquiring an additional 63,993 shares during the last quarter. Finally, New York State Teachers Retirement System raised its position in Interactive Brokers Group by 4.1% during the first quarter. New York State Teachers Retirement System now owns 290,469 shares of the financial services provider’s stock valued at $19,482,000 after purchasing an additional 11,479 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several research analyst reports. BMO Capital Markets lifted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reduced their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a report on Friday, May 1st. Wolfe Research assumed coverage on Interactive Brokers Group in a research report on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price for the company. Finally, Weiss Ratings lowered Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.22.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $91.33 on Friday. The stock has a market capitalization of $154.93 billion, a PE ratio of 39.37, a P/E/G ratio of 2.52 and a beta of 1.33. Interactive Brokers Group, Inc. has a 1-year low of $56.33 and a 1-year high of $97.84. The business has a 50-day moving average of $86.64 and a 200 day moving average of $76.40.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the firm earned $1.94 EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. Analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were paid a $0.0875 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by insiders.

Interactive Brokers Group Company 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.