AE Wealth Management LLC Acquires 447 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

AE Wealth Management LLC increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,083 shares of the financial services provider’s stock after purchasing an additional 447 shares during the period. AE Wealth Management LLC’s holdings in Interactive Brokers Group were worth $991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC boosted its stake in shares of Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares in the last quarter. Oliver Luxxe Assets LLC increased its position in shares of Interactive Brokers Group by 1.8% during the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock worth $787,000 after buying an additional 126 shares during the period. QRG Capital Management Inc. raised its stake in Interactive Brokers Group by 2.8% during the second quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider’s stock worth $596,000 after buying an additional 131 shares during the last quarter. Thrive Wealth Management LLC lifted its holdings in Interactive Brokers Group by 6.0% in the second quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider’s stock valued at $286,000 after buying an additional 132 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Interactive Brokers Group by 5.0% during the second quarter. CIBC Asset Management Inc now owns 3,051 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IBKR. UBS Group lifted their price objective on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 8th. Finally, Barclays upped their target price 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.44.

Interactive Brokers Group Price Performance

IBKR opened at $136.11 on Wednesday. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $136.56. The company’s 50-day moving average is $122.75 and its 200 day moving average is $119.97. The firm has a market capitalization of $57.31 billion, a P/E ratio of 23.27, a PEG ratio of 1.10 and a beta of 0.80.

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

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, August 30th. Interactive Brokers Group’s payout ratio is 17.09%.

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.