Interactive Brokers Group, Inc. (NASDAQ:IBKR) Holdings Raised by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 54.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,623 shares of the financial services provider’s stock after buying an additional 6,236 shares during the quarter. Quantbot Technologies LP’s holdings in Interactive Brokers Group were worth $1,969,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank raised its position in Interactive Brokers Group by 11.6% during the third quarter. Comerica Bank now owns 52,557 shares of the financial services provider’s stock valued at $4,549,000 after buying an additional 5,470 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Interactive Brokers Group by 10.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 5,612 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 531 shares during the period. Hudson Bay Capital Management LP boosted its stake in Interactive Brokers Group by 20.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 90,000 shares of the financial services provider’s stock valued at $7,790,000 after purchasing an additional 15,000 shares during the period. Raleigh Capital Management Inc. boosted its stake in Interactive Brokers Group by 16.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,568 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 218 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Interactive Brokers Group by 93.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock worth $3,044,000 after acquiring an additional 16,996 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on IBKR. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $128.00 to $135.00 in a research note on Thursday. Barclays boosted their price target on Interactive Brokers Group from $136.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup lifted their price target on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Piper Sandler lifted their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.11.

Interactive Brokers Group Price Performance

IBKR traded up $0.56 on Friday, reaching $121.61. The company’s stock had a trading volume of 1,031,276 shares, compared to its average volume of 1,023,925. The business’s 50 day moving average is $123.44 and its 200 day moving average is $109.77. The stock has a market cap of $51.21 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 6.87 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.25 dividend. The ex-dividend date was Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.82%. Interactive Brokers Group’s payout ratio is presently 17.09%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.