SkyView Investment Advisors LLC Increases Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

SkyView Investment Advisors LLC boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,511 shares of the financial services provider’s stock after buying an additional 2,097 shares during the period. Interactive Brokers Group makes up approximately 0.8% of SkyView Investment Advisors LLC’s investment portfolio, making the stock its 16th largest holding. SkyView Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $4,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of 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 acquiring an additional 1,004,289 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after buying an additional 524,503 shares during the last quarter. Marshall Wace LLP raised its stake 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 valued at $307,365,000 after buying an additional 481,826 shares during the last quarter. Bares Capital Management Inc. lifted its holdings in shares of Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after buying an additional 264,543 shares during the period. Finally, Scout Investments Inc. purchased a new stake in shares of Interactive Brokers Group in the first quarter worth about $18,335,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 0.6 %

IBKR stock opened at $137.53 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $138.75. The firm has a 50-day simple moving average of $123.68 and a 200-day simple moving average of $120.48. The stock has a market capitalization of $57.91 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.21 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate 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 return on equity of 4.88% and a net margin of 7.88%. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 EPS. On average, 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 announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.73%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group boosted their price target on Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 9th. 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 company from $128.00 to $135.00 in a research note on Thursday, July 11th. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, Barclays upped their price objective on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.44.

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.