Creative Planning Grows Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Creative Planning raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,768 shares of the financial services provider’s stock after acquiring an additional 845 shares during the quarter. Creative Planning’s holdings in Interactive Brokers Group were worth $952,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Interactive Brokers Group in the first quarter valued at about $30,000. Tortoise Investment Management LLC boosted its stake in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group in the second quarter valued at about $32,000. Kapitalo Investimentos Ltda boosted its stake in Interactive Brokers Group by 278.0% in the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 353 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Interactive Brokers Group by 213.6% in the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 329 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. UBS Group boosted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group boosted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $140.00 to $163.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Barclays boosted their price target on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.11.

Interactive Brokers Group Price Performance

IBKR stock opened at $148.63 on Friday. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $149.97. The stock has a market cap of $62.58 billion, a PE ratio of 25.41, a P/E/G ratio of 1.21 and a beta of 0.80. The firm has a 50 day simple moving average of $128.29 and a two-hundred day simple moving average of $122.71.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $1.32 EPS. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, research analysts expect that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm 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. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

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.