Interactive Brokers Group, Inc. $IBKR Shares Purchased by KBC Group NV

KBC Group NV increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,115,438 shares of the financial services provider’s stock after acquiring an additional 8,844 shares during the period. KBC Group NV owned approximately 0.12% of Interactive Brokers Group worth $141,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covenant Asset Management LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth $3,028,000. Crocodile Capital Partners GmbH acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $12,041,000. OFI Invest Asset Management acquired a new position in Interactive Brokers Group in the fourth quarter valued at about $22,356,000. Leonteq Securities AG purchased a new position in Interactive Brokers Group during the fourth quarter worth about $1,746,000. Finally, Successful Portfolios LLC purchased a new position in Interactive Brokers Group during the fourth quarter worth about $1,431,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of research analyst reports. Piper Sandler set a $105.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday. China Renaissance assumed coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating for the company. BMO Capital Markets lifted their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. Finally, Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $93.89.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $90.53 on Monday. The stock has a market capitalization of $153.57 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. The business has a 50-day moving average of $89.43 and a 200 day moving average of $78.57. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 2.55 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

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

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by insiders.

About Interactive Brokers Group

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.