Wedbush Securities Inc. Increases Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wedbush Securities Inc. increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 4,076 shares of the financial services provider’s stock after buying an additional 260 shares during the quarter. Wedbush Securities Inc.’s holdings in Interactive Brokers Group were worth $500,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 111 shares during the last quarter. Rise Advisors LLC purchased a new position in Interactive Brokers Group in the first quarter valued at approximately $30,000. Principal Securities Inc. bought a new position in Interactive Brokers Group during the fourth quarter valued at $40,000. Kapitalo Investimentos Ltda increased its position in Interactive Brokers Group by 278.0% in the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after buying an additional 353 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Interactive Brokers Group by 213.6% in the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock valued at $54,000 after buying an additional 329 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on Interactive Brokers Group from $138.00 to $150.00 and gave the stock 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 target price for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group upped their price target on shares of Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Monday. Finally, Barclays lifted their price objective on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.44.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $123.60 on Friday. The company’s 50 day simple moving average is $121.41 and its two-hundred day simple moving average is $118.54. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $129.19. The stock has a market capitalization of $52.04 billion, a PE ratio of 21.13, a P/E/G ratio of 1.09 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business posted $1.32 earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 6.81 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

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.