Dimensional Fund Advisors LP Buys 47,909 Shares of Interactive Brokers Group, Inc. $IBKR

Dimensional Fund Advisors LP raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,050,385 shares of the financial services provider’s stock after acquiring an additional 47,909 shares during the period. Dimensional Fund Advisors LP’s holdings in Interactive Brokers Group were worth $70,428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IBKR. Norges Bank purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $453,146,000. Orbis Allan Gray Ltd grew its position in Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after purchasing an additional 6,246,715 shares during the last quarter. Bank of America Corp DE increased its stake in Interactive Brokers Group by 225.4% during the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after purchasing an additional 5,260,923 shares in the last quarter. State Street Corp increased its stake in Interactive Brokers Group by 23.2% during the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after purchasing an additional 3,517,729 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Interactive Brokers Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after purchasing an additional 2,534,772 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research note on Friday, May 1st. BMO Capital Markets reissued an “outperform” rating and set a $110.00 price target (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Jefferies Financial Group cut their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Barclays set a $114.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.89.

Interactive Brokers Group Stock Performance

IBKR opened at $87.99 on Friday. The company’s 50-day simple moving average is $90.68 and its two-hundred day simple moving average is $80.08. The stock has a market capitalization of $149.26 billion, a P/E ratio of 35.20, a P/E/G ratio of 1.67 and a beta of 1.33. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. Research analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be issued a $0.0875 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

Interactive Brokers Group 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.