Philadelphia Investment Partners LLC Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Philadelphia Investment Partners LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,656 shares of the financial services provider’s stock, valued at approximately $840,000.

A number of other hedge funds have also recently made changes to their positions in IBKR. AQR Capital Management LLC lifted its position in Interactive Brokers Group by 24.7% in the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after acquiring an additional 2,713 shares in the last quarter. Brown Advisory Inc. increased its holdings in Interactive Brokers Group by 307.9% during the 2nd quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock worth $803,000 after purchasing an additional 10,943 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Interactive Brokers Group in the second quarter worth approximately $318,000. Daiwa Securities Group Inc. raised its stake in shares of Interactive Brokers Group by 291.2% in the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock worth $1,973,000 after purchasing an additional 26,500 shares during the last quarter. Finally, AXA S.A. raised its stake in shares of Interactive Brokers Group by 128.1% in the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after purchasing an additional 7,197 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 1.2%

Shares of IBKR opened at $97.02 on Thursday. The stock has a 50 day moving average of $92.10 and a 200 day moving average of $82.31. The company has a market capitalization of $165.07 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 1.81 and a beta of 1.34. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, equities research analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared 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 of this dividend is Tuesday, September 1st. Interactive Brokers Group’s payout ratio is 14.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IBKR. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Piper Sandler set a $109.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, China Renaissance assumed coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $96.89.

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.