Smith Group Asset Management LLC Has $1.23 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Smith Group Asset Management LLC boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 102.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,374 shares of the financial services provider’s stock after buying an additional 9,280 shares during the quarter. Smith Group Asset Management LLC’s holdings in Interactive Brokers Group were worth $1,232,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Reflection Asset Management acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth $26,000. IMA Advisory Services Inc. boosted its position in Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares during the last quarter. Tobam acquired a new stake in Interactive Brokers Group during the fourth quarter valued at $30,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $31,000. Finally, SHP Wealth Management purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR opened at $90.91 on Wednesday. The company has a market cap of $154.22 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 2.00 and a beta of 1.33. The stock has a 50-day moving average of $90.37 and a 200-day moving average of $79.77. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, research analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler set a $109.00 price target on Interactive Brokers Group in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target for the company. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 price objective on the stock. Finally, Bank of America lifted their target price on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. 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, Interactive Brokers Group has an average rating of “Moderate Buy” and an average 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.