Philadelphia Investment Partners LLC Acquires New Stake in Interactive Brokers Group, Inc. $IBKR

Philadelphia Investment Partners LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,656 shares of the financial services provider’s stock, valued at approximately $840,000.

Several other institutional investors and hedge funds also recently bought and sold shares of IBKR. State Street Corp raised its holdings in Interactive Brokers Group by 1.0% during the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock valued at $1,211,377,000 after acquiring an additional 187,763 shares during the period. Cantillon Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 0.8% in the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock worth $820,589,000 after acquiring an additional 95,878 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Interactive Brokers Group by 17.6% in the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock worth $750,110,000 after acquiring an additional 1,630,620 shares during the period. Orbis Allan Gray Ltd grew its position in shares of Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after purchasing an additional 6,246,715 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Interactive Brokers Group by 44.1% in the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after purchasing an additional 2,534,772 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $97.02 on Thursday. The company has a market capitalization of $165.07 billion, a PE ratio of 38.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.34. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $98.75. The business’s fifty day moving average is $92.10 and its 200 day moving average is $82.31.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The firm’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on IBKR shares. BMO Capital Markets reissued an “outperform” rating and set a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Barclays set a $114.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a report 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. Raymond James Financial assumed coverage on shares of Interactive Brokers Group in a research report on Wednesday. They issued a “market perform” rating for the company. Finally, The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $96.89.

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.