OMERS ADMINISTRATION Corp Raises Stake in Interactive Brokers Group, Inc. $IBKR

OMERS ADMINISTRATION Corp increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 28.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,891 shares of the financial services provider’s stock after purchasing an additional 7,850 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Interactive Brokers Group were worth $2,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Reflection Asset Management purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $26,000. IMA Advisory Services Inc. grew its holdings in 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 acquiring an additional 178 shares during the period. Tobam purchased a new position in Interactive Brokers Group during the fourth quarter valued at approximately $30,000. Entrust Financial LLC acquired a new position in Interactive Brokers Group in the fourth quarter valued at approximately $31,000. Finally, SHP Wealth Management acquired a new position in Interactive Brokers Group in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

IBKR has been the topic of a number of analyst reports. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Barclays set a $114.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. China Renaissance started coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating on the stock. Finally, Jefferies Financial Group cut their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. Two 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.89.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $90.91 on Wednesday. The company’s 50-day moving average is $90.37 and its two-hundred day moving average is $79.77. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $97.84. The firm has a market capitalization of $154.22 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 2.00 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. Interactive Brokers Group’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.00%.

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.