Interactive Brokers Group, Inc. $IBKR Stake Boosted by Egerton Capital UK LLP

Egerton Capital UK LLP lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,939,581 shares of the financial services provider’s stock after buying an additional 685,447 shares during the period. Interactive Brokers Group makes up about 4.9% of Egerton Capital UK LLP’s investment portfolio, making the stock its 8th biggest position. Egerton Capital UK LLP’s holdings in Interactive Brokers Group were worth $446,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in Interactive Brokers Group during the third quarter valued at $27,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group during the fourth quarter valued at $31,000. Tucker Asset Management LLC purchased a new position in Interactive Brokers Group during the fourth quarter valued at $32,000. Lloyd Advisory Services LLC. purchased a new position in Interactive Brokers Group during the fourth quarter valued at $33,000. Finally, Blue Trust Inc. lifted its position in Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 472 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $84.40 on Monday. Interactive Brokers Group, Inc. has a 1 year low of $49.15 and a 1 year high of $91.02. The stock’s 50 day simple moving average is $79.02 and its two-hundred day simple moving average is $72.65. The company has a market cap of $143.17 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.33 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 earnings per share. Equities research analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s payout ratio is currently 15.09%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Barclays increased their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler increased their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.25.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.