Vise Technologies Inc. Grows Stock Position in Interactive Brokers Group, Inc. $IBKR

Vise Technologies Inc. increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 151.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,209 shares of the financial services provider’s stock after purchasing an additional 14,593 shares during the quarter. Vise Technologies Inc.’s holdings in Interactive Brokers Group were worth $1,557,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IBKR. AQR Capital Management LLC raised its position in shares of Interactive Brokers Group by 24.7% during the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after buying an additional 2,713 shares during the period. Brown Advisory Inc. raised its position in shares of Interactive Brokers Group by 307.9% during the 2nd quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after buying an additional 10,943 shares during the period. Cerity Partners LLC purchased a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at approximately $318,000. Daiwa Securities Group Inc. raised its position in shares of Interactive Brokers Group by 291.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock valued at $1,973,000 after buying an additional 26,500 shares during the period. Finally, AXA S.A. raised its position in shares of Interactive Brokers Group by 128.1% during the 2nd quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock valued at $710,000 after buying an additional 7,197 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IBKR shares. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research report on Friday, May 1st. Jefferies Financial Group reduced their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Barclays lifted their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler lifted their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.25.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $84.40 on Monday. Interactive Brokers Group, Inc. has a fifty-two week low of $49.15 and a fifty-two week high of $91.02. The firm has a 50 day moving average price of $79.02 and a 200 day moving average price of $72.65. The company has a market capitalization 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 posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

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

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

About Interactive Brokers Group

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.