Crossmark Global Holdings Inc. Has $847,000 Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Crossmark Global Holdings Inc. reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,904 shares of the financial services provider’s stock after selling 883 shares during the period. Crossmark Global Holdings Inc.’s holdings in Interactive Brokers Group were worth $847,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rise Advisors LLC acquired a new position in shares of Interactive Brokers Group during the first quarter valued at about $30,000. Principal Securities Inc. bought a new position in Interactive Brokers Group in the 4th quarter valued at about $40,000. Kapitalo Investimentos Ltda boosted its stake in Interactive Brokers Group by 278.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 353 shares during the last quarter. GAMMA Investing LLC increased its holdings in Interactive Brokers Group by 213.6% during the 1st quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 329 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Interactive Brokers Group by 389.9% during the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 503 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR opened at $128.89 on Friday. The firm has a market cap of $54.27 billion, a P/E ratio of 22.03, a PEG ratio of 1.07 and a beta of 0.81. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $129.19. The firm has a 50-day moving average of $121.29 and a 200 day moving average of $117.37.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 EPS. Equities research analysts predict that Interactive Brokers Group, Inc. will post 6.76 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. Interactive Brokers Group’s payout ratio is presently 17.09%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IBKR shares. Jefferies Financial Group raised their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 8th. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. UBS Group increased their target price on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Barclays boosted their price target on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.33.

About Interactive Brokers Group

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.