Seven Eight Capital LP Invests $246,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Seven Eight Capital LP acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,008 shares of the financial services provider’s stock, valued at approximately $246,000.

A number of other large investors also recently bought and sold shares of IBKR. SG Americas Securities LLC increased its holdings in shares of Interactive Brokers Group by 172.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after acquiring an additional 7,884 shares during the period. Goldman Sachs Group Inc. raised its holdings in Interactive Brokers Group by 122.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after purchasing an additional 524,503 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Interactive Brokers Group during the first quarter valued at about $796,000. Janus Henderson Group PLC boosted its holdings in shares of Interactive Brokers Group by 9.9% in the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after buying an additional 9,858 shares in the last quarter. Finally, Norden Group LLC grew its position in shares of Interactive Brokers Group by 1,272.1% in the 1st quarter. Norden Group LLC now owns 104,400 shares of the financial services provider’s stock worth $11,662,000 after buying an additional 96,791 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price 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. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group increased their price target on Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Finally, Barclays raised their price target on 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 issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $133.44.

Interactive Brokers Group Stock Up 1.6 %

Shares of NASDAQ:IBKR opened at $135.19 on Tuesday. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $135.59. The stock has a market cap of $56.93 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.10 and a beta of 0.80. The business has a 50-day moving average price of $122.50 and a 200-day moving average price of $119.77.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results 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. The company 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%. Interactive Brokers Group’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $1.32 EPS. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.74%. The ex-dividend date 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.