S&CO Inc. Takes $5.23 Million Position in Interactive Brokers Group, Inc. $IBKR

S&CO Inc. acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, Holdings Channel.com reports. The firm acquired 60,130 shares of the financial services provider’s stock, valued at approximately $5,233,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBKR. Reflection Asset Management bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $26,000. IMA Advisory Services Inc. boosted its holdings in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares during the period. Tobam acquired a new position in Interactive Brokers Group in the 4th quarter valued at $30,000. Entrust Financial LLC acquired a new position in Interactive Brokers Group in the 4th quarter valued at $31,000. Finally, SHP Wealth Management bought a new position in Interactive Brokers Group in the 4th quarter worth $31,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 0.7%

Shares of IBKR stock opened at $92.06 on Friday. The firm has a market capitalization of $156.63 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $97.84. The firm’s fifty day simple moving average is $91.55 and its 200 day simple moving average is $81.19.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business’s revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 EPS 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 dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.00%.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Piper Sandler set a $109.00 target price on Interactive Brokers Group in a research note on Wednesday, July 22nd. Finally, China Renaissance assumed coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.89.

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.