Interactive Brokers Group, Inc. $IBKR Position Increased by Militia Capital Partners LP

Militia Capital Partners LP increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 26.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 71,000 shares of the financial services provider’s stock after buying an additional 15,000 shares during the quarter. Interactive Brokers Group comprises about 1.8% of Militia Capital Partners LP’s portfolio, making the stock its 9th largest holding. Militia Capital Partners LP’s holdings in Interactive Brokers Group were worth $4,566,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. IMA Advisory Services Inc. increased its stake in Interactive Brokers Group by 64.3% in 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. Entrust Financial LLC purchased a new position in Interactive Brokers Group in the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC purchased a new position in Interactive Brokers Group in the fourth quarter valued at approximately $32,000. Lloyd Advisory Services LLC. purchased a new position in Interactive Brokers Group in the fourth quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Interactive Brokers Group in the fourth quarter valued at approximately $34,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction 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 transaction, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Interactive Brokers Group Trading Up 0.4%

Shares of IBKR opened at $93.10 on Wednesday. The company’s 50 day simple moving average is $82.22 and its 200-day simple moving average is $73.95. Interactive Brokers Group, Inc. has a 12-month low of $49.30 and a 12-month high of $94.73. The firm has a market cap of $157.93 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 2.56 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the firm posted $1.94 EPS. Interactive Brokers Group’s quarterly revenue 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 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on IBKR. Barclays increased 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 note on Wednesday, April 22nd. Jefferies Financial Group dropped 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 note on Monday, April 6th. Piper Sandler increased their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. Finally, Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.22.

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.