Rise Advisors LLC Takes $30,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Rise Advisors LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 264 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other large investors have also recently modified their holdings of IBKR. FMR LLC increased its stake in Interactive Brokers Group by 211.7% in the third quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock worth $153,517,000 after purchasing an additional 1,204,573 shares during the period. Norges Bank purchased a new stake in Interactive Brokers Group in the fourth quarter worth $97,476,000. Goldman Sachs Group Inc. increased its stake in Interactive Brokers Group by 122.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after purchasing an additional 524,503 shares during the period. Invesco Ltd. increased its stake in Interactive Brokers Group by 234.6% in the third quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock worth $49,104,000 after purchasing an additional 397,729 shares during the period. Finally, Vanguard Group Inc. increased its stake in Interactive Brokers Group by 3.3% in the third quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock worth $828,105,000 after purchasing an additional 308,236 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $120.25 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $129.19. The stock’s 50-day moving average is $120.37 and its 200 day moving average is $105.09. The company has a market cap of $50.63 billion, a P/E ratio of 20.56, a PEG ratio of 1.19 and a beta of 0.82.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 6.59 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays raised their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Bank of America raised their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Piper Sandler raised their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Citigroup raised 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. Finally, Jefferies Financial Group raised their price target on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.00.

Interactive Brokers Group Company 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.