20,000 Shares in Interactive Brokers Group, Inc. $IBKR Bought by Monetta Financial Services Inc.

Monetta Financial Services Inc. acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the second quarter, Holdings Channel reports. The firm acquired 20,000 shares of the financial services provider’s stock, valued at approximately $1,741,000. Interactive Brokers Group accounts for 1.2% of Monetta Financial Services Inc.’s holdings, making the stock its 24th largest holding.

Several other large investors have also bought and sold shares of the stock. Leonteq Securities AG bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $1,746,000. Covenant Asset Management LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $3,028,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Interactive Brokers Group by 5.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 932,381 shares of the financial services provider’s stock worth $62,684,000 after buying an additional 43,984 shares during the last quarter. North Dakota State Investment Board bought a new position in Interactive Brokers Group during the fourth quarter worth $945,000. Finally, Passumpsic Savings Bank acquired a new position in Interactive Brokers Group in the fourth quarter valued at $2,011,000. 23.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. China Renaissance began coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They set a “hold” rating for the company. BMO Capital Markets restated an “outperform” rating and set a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Finally, Bank of America boosted their price target on Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.89.

Interactive Brokers Group Trading Down 0.0%

NASDAQ:IBKR opened at $90.54 on Thursday. The stock has a market capitalization of $154.05 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.67 and a beta of 1.34. The firm has a fifty day simple moving average of $91.87 and a two-hundred day simple moving average of $81.58. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. Equities analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s payout ratio is presently 14.00%.

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.