Swiss National Bank boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,600 shares of the financial services provider’s stock after purchasing an additional 500 shares during the period. Swiss National Bank’s holdings in Interactive Brokers Group were worth $11,259,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of IBKR. Rosenberg Matthew Hamilton bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth about $30,000. Benjamin F. Edwards & Company Inc. bought a new position in Interactive Brokers Group in the 3rd quarter valued at about $42,000. Koshinski Asset Management Inc. bought a new position in Interactive Brokers Group in the 3rd quarter valued at about $50,000. Amundi bought a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $71,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of Interactive Brokers Group by 15.9% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,106 shares of the financial services provider’s stock worth $69,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 19.43% of the company’s stock.
Several brokerages have recently issued reports on IBKR. Bank of America initiated coverage on shares of Interactive Brokers Group in a research note on Wednesday, December 15th. They set a “buy” rating and a $126.00 price target for the company. The Goldman Sachs Group boosted their price target on shares of Interactive Brokers Group from $81.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Wednesday, November 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $91.86.
Shares of NASDAQ IBKR opened at $74.75 on Friday. The firm’s 50 day moving average price is $76.49 and its 200-day moving average price is $69.33. The company has a market cap of $31.25 billion, a PE ratio of 21.99, a P/E/G ratio of 0.92 and a beta of 0.67. Interactive Brokers Group, Inc. has a 52-week low of $58.84 and a 52-week high of $82.83.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Monday, October 18th. The financial services provider reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. Interactive Brokers Group had a net margin of 10.95% and a return on equity of 3.13%. The company had revenue of $464.00 million for the quarter, compared to the consensus estimate of $639.15 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 3.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 14th. Stockholders of record on Wednesday, December 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 11.76%.
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serve the customers of both traditional brokers and prime brokers.
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