Leonteq Securities AG Purchases New Position in Interactive Brokers Group, Inc. $IBKR

Leonteq Securities AG purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 27,138 shares of the financial services provider’s stock, valued at approximately $1,746,000.

Several other large investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC grew its stake in shares of Interactive Brokers Group by 1.3% in 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 buying an additional 143 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Interactive Brokers Group by 1.0% in the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock valued at $1,059,000 after buying an additional 145 shares in the last quarter. Caitlin John LLC grew its stake in shares of Interactive Brokers Group by 0.6% in the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock valued at $1,734,000 after buying an additional 153 shares in the last quarter. S&CO Inc. boosted its position in Interactive Brokers Group by 0.3% during the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after purchasing an additional 160 shares during the period. Finally, Thrive Wealth Management LLC boosted its position in Interactive Brokers Group by 1.8% during the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 162 shares during the period. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred 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 directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.0%

IBKR opened at $83.83 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $49.15 and a 1-year high of $88.44. The stock has a market capitalization of $142.21 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 2.32 and a beta of 1.32. The business has a 50 day moving average of $75.22 and a 200-day moving average of $71.48.

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

Interactive Brokers Group Increases Dividend

The firm also recently disclosed 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 is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBKR. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price for the company. BMO Capital Markets upped their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group decreased their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Barclays upped their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $83.25.

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.