Interactive Brokers Group, Inc. $IBKR Position Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 161.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,445 shares of the financial services provider’s stock after buying an additional 7,061 shares during the quarter. International Assets Investment Management LLC’s holdings in Interactive Brokers Group were worth $736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC boosted its stake in Interactive Brokers Group by 1.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 143 shares in the last quarter. Ballentine Partners LLC boosted its stake in Interactive Brokers Group by 1.0% during the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock valued at $1,059,000 after purchasing an additional 145 shares in the last quarter. Caitlin John LLC boosted its stake in Interactive Brokers Group by 0.6% during the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock valued at $1,734,000 after purchasing an additional 153 shares in the last quarter. Thrive Wealth Management LLC boosted its stake in Interactive Brokers Group by 1.8% during the 4th quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 162 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Interactive Brokers Group by 2.0% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 165 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 0.8%

Shares of Interactive Brokers Group stock opened at $84.42 on Friday. The stock has a market cap of $143.21 billion, a PE ratio of 36.39, a price-to-earnings-growth ratio of 2.33 and a beta of 1.32. The business has a fifty day simple moving average of $72.20 and a 200-day simple moving average of $70.28. Interactive Brokers Group, Inc. has a 12 month low of $46.10 and a 12 month high of $87.37.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. Analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be given a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s payout ratio is 15.09%.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research note on Friday, May 1st. Keefe, Bruyette & Woods assumed coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target for the company. Barclays increased their price target on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Jefferies Financial Group decreased their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.25.

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.