S&CO Inc. Takes $5.23 Million Position in Interactive Brokers Group, Inc. $IBKR

S&CO Inc. purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 60,130 shares of the financial services provider’s stock, valued at approximately $5,233,000.

Several other large investors have also recently bought and sold shares of the business. Leonteq Securities AG acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $1,746,000. Covenant Asset Management LLC purchased a new position in Interactive Brokers Group during the fourth quarter valued at approximately $3,028,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Interactive Brokers Group by 5.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 932,381 shares of the financial services provider’s stock valued at $62,684,000 after buying an additional 43,984 shares during the period. North Dakota State Investment Board acquired a new position in Interactive Brokers Group in the 4th quarter valued at approximately $945,000. Finally, Passumpsic Savings Bank purchased a new stake in Interactive Brokers Group in the 4th quarter worth approximately $2,011,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $92.06 on Friday. The firm has a market cap of $156.63 billion, a PE ratio of 36.82, a PEG ratio of 1.70 and a beta of 1.34. The firm’s 50 day moving average price is $91.55 and its 200 day moving average price is $81.19. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s payout ratio is presently 14.00%.

Analysts Set New Price Targets

A number of brokerages have issued reports on IBKR. Wolfe Research began coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. BMO Capital Markets reiterated an “outperform” rating and set a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Bank of America lifted their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Barclays set a $114.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $96.89.

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.