Daiwa Securities Group Inc. Has $158,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Daiwa Securities Group Inc. lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 94.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,290 shares of the financial services provider’s stock after selling 20,811 shares during the period. Daiwa Securities Group Inc.’s holdings in Interactive Brokers Group were worth $158,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IBKR. Private Advisor Group LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at $223,000. Principal Securities Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $40,000. Dimensional Fund Advisors LP lifted its stake in shares of Interactive Brokers Group by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 276,180 shares of the financial services provider’s stock valued at $22,896,000 after purchasing an additional 3,705 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Interactive Brokers Group by 5.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,473 shares of the financial services provider’s stock valued at $785,000 after purchasing an additional 473 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $97,476,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IBKR. 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. UBS Group lifted their price objective 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, September 9th. 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 research note on Monday, July 8th. Finally, Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $133.44.

Interactive Brokers Group Price Performance

IBKR stock opened at $131.81 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $133.16. The company has a 50-day moving average of $121.59 and a two-hundred day moving average of $118.98. The stock has a market capitalization of $55.50 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.32 earnings per share. Equities analysts expect that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

Interactive Brokers Group 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.