Lido Advisors LLC Buys 8,959 Shares of Interactive Brokers Group, Inc. $IBKR

Lido Advisors LLC raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 102.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,695 shares of the financial services provider’s stock after acquiring an additional 8,959 shares during the quarter. Lido Advisors LLC’s holdings in Interactive Brokers Group were worth $1,187,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its position in Interactive Brokers Group by 1.0% during the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock worth $1,211,377,000 after purchasing an additional 187,763 shares in the last quarter. Cantillon Capital Management LLC boosted its position in Interactive Brokers Group by 0.8% in the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock valued at $820,589,000 after buying an additional 95,878 shares in the last quarter. Wellington Management Group LLP boosted its position in Interactive Brokers Group by 17.6% in the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after buying an additional 1,630,620 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in shares of Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after buying an additional 6,246,715 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Interactive Brokers Group by 44.1% during the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after buying an additional 2,534,772 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 0.6%

Shares of NASDAQ:IBKR opened at $92.27 on Tuesday. The firm has a market cap of $156.52 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.02 and a beta of 1.33. Interactive Brokers Group, Inc. has a 12-month low of $58.95 and a 12-month high of $97.84. The business has a fifty day simple moving average of $90.22 and a 200 day simple moving average of $79.63.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.64 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is currently 14.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBKR. Bank of America increased their price target on Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Barclays set a $114.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Piper Sandler set a $109.00 target price on Interactive Brokers Group in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.89.

Interactive Brokers Group Company 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.