Scientech Research LLC Buys 12,033 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Scientech Research LLC lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 544.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,242 shares of the financial services provider’s stock after purchasing an additional 12,033 shares during the quarter. Scientech Research LLC’s holdings in Interactive Brokers Group were worth $1,746,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IBKR. Millennium Management LLC increased its holdings in Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after buying an additional 1,004,289 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at $273,000. AQR Capital Management LLC bought a new position in shares of Interactive Brokers Group in the 2nd quarter valued at $250,000. Squarepoint Ops LLC raised its holdings in shares of Interactive Brokers Group by 115.9% during the 2nd 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 in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after buying an additional 481,826 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on IBKR. 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 research note on Monday, July 8th. Keefe, Bruyette & Woods cut shares of 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. Barclays increased their price target on Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, UBS Group boosted 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $133.44.

Interactive Brokers Group Stock Up 0.4 %

Shares of NASDAQ:IBKR opened at $136.72 on Friday. The firm has a market cap of $57.57 billion, a P/E ratio of 23.37, a P/E/G ratio of 1.21 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $138.75. The business has a fifty day simple moving average of $123.34 and a 200 day simple moving average of $120.19.

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 during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $1.32 earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 6.81 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. 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 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.