Millennium Management LLC Has $132.66 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Millennium Management LLC lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1,292.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,082,017 shares of the financial services provider’s stock after acquiring an additional 1,004,289 shares during the quarter. Millennium Management LLC’s holdings in Interactive Brokers Group were worth $132,655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dark Forest Capital Management LP acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $273,000. AQR Capital Management LLC acquired a new position in Interactive Brokers Group during the second quarter worth $250,000. Squarepoint Ops LLC increased its holdings in Interactive Brokers Group by 115.9% during the second quarter. Squarepoint Ops LLC now owns 125,833 shares of the financial services provider’s stock worth $15,427,000 after buying an additional 67,537 shares during the last quarter. Marshall Wace LLP raised its position in Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after acquiring an additional 481,826 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in Interactive Brokers Group in the second quarter valued at $1,615,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 0.6 %

Shares of NASDAQ:IBKR opened at $137.53 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $138.75. The business has a 50 day moving average of $123.68 and a 200-day moving average of $120.40. The stock has a market cap of $57.91 billion, a PE ratio of 23.51, a P/E/G ratio of 1.21 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02. The business had revenue of $1.29 billion during 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 firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.73%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Wall Street Analyst Weigh In

IBKR has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group boosted their price target 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. Barclays raised their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group boosted their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $133.44.

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.