Kepler Cheuvreux Suisse SA Acquires 8,786 Shares of Interactive Brokers Group, Inc. $IBKR

Kepler Cheuvreux Suisse SA lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,250 shares of the financial services provider’s stock after buying an additional 8,786 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Interactive Brokers Group were worth $3,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IBKR. Reflection Asset Management bought a new stake in Interactive Brokers Group during the fourth quarter worth $26,000. IMA Advisory Services Inc. grew its holdings in shares of 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 worth $29,000 after purchasing an additional 178 shares during the last quarter. Tobam bought a new stake in Interactive Brokers Group during the 4th quarter worth approximately $30,000. Entrust Financial LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at $31,000. Finally, SHP Wealth Management acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $31,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBKR. BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Keefe, Bruyette & Woods started coverage on 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. Piper Sandler lifted their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, Wolfe Research started coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $85.22.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $91.33 on Friday. The business’s fifty day moving average is $86.64 and its 200 day moving average is $76.40. The firm has a market cap of $154.93 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 2.52 and a beta of 1.33. Interactive Brokers Group, Inc. has a 52-week low of $56.33 and a 52-week high of $97.84.

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, topping 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the firm posted $1.94 EPS. Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. Equities analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a dividend of $0.0875 per share. This is an increase 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 dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

Insider Buying and Selling at Interactive Brokers Group

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

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.