Smith Group Asset Management LLC Has $1.23 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Smith Group Asset Management LLC raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 102.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,374 shares of the financial services provider’s stock after buying an additional 9,280 shares during the quarter. Smith Group Asset Management LLC’s holdings in Interactive Brokers Group were worth $1,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Interactive Brokers Group by 1.0% during the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock worth $1,211,377,000 after purchasing an additional 187,763 shares during the period. Cantillon Capital Management LLC grew its position in Interactive Brokers Group by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock worth $820,589,000 after buying an additional 95,878 shares in the last quarter. Wellington Management Group LLP increased its stake in Interactive Brokers Group by 17.6% during the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after acquiring an additional 1,630,620 shares during the period. Orbis Allan Gray Ltd raised its holdings in Interactive Brokers Group by 178.8% in 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 acquiring an additional 6,246,715 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Interactive Brokers Group by 44.1% in the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after acquiring an additional 2,534,772 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $90.91 on Wednesday. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84. The firm has a market cap of $154.22 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 2.00 and a beta of 1.33. The business has a fifty day moving average of $90.37 and a 200-day moving average of $79.77.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.88 billion during 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 firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IBKR. China Renaissance began coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They issued a “hold” rating for the company. Barclays set a $114.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday, May 1st. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Wolfe Research started coverage on Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. 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 stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $96.89.

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.