Lido Advisors LLC Purchases 8,959 Shares of Interactive Brokers Group, Inc. $IBKR

Lido Advisors LLC boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 102.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,695 shares of the financial services provider’s stock after buying an additional 8,959 shares during the period. Lido Advisors LLC’s holdings in Interactive Brokers Group were worth $1,187,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of IBKR. Reflection Asset Management acquired a new stake in Interactive Brokers Group during the 4th quarter worth about $26,000. IMA Advisory Services Inc. lifted its stake in shares of Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares during the period. Tobam acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $30,000. Entrust Financial LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $31,000. Finally, SHP Wealth Management bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $31,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IBKR. Bank of America lifted their target price on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective for the company. Jefferies Financial Group lowered their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, China Renaissance began coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.89.

Interactive Brokers Group Trading Up 0.6%

NASDAQ IBKR opened at $92.27 on Tuesday. The company has a market cap of $156.52 billion, a P/E ratio of 36.91, a PEG ratio of 2.02 and a beta of 1.33. The company has a fifty day simple moving average of $90.22 and a 200 day simple moving average of $79.63. 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 released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping 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 the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue was up 28.1% on a year-over-year basis. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.64 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm 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. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is currently 14.00%.

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.