Mangrove Partners IM LLC Buys New Stake in Interactive Brokers Group, Inc. $IBKR

Mangrove Partners IM LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,345 shares of the financial services provider’s stock, valued at approximately $987,000.

Other large investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. increased its position in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 178 shares during the period. Entrust Financial LLC acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $31,000. Tucker Asset Management LLC acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $32,000. Lloyd Advisory Services LLC. acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $34,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. Piper Sandler raised their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. 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. 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. Finally, Keefe, Bruyette & Woods began 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.22.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $93.10 on Wednesday. The stock has a fifty day moving average price of $82.22 and a two-hundred day moving average price of $73.95. The firm has a market cap of $157.93 billion, a P/E ratio of 40.13, a PEG ratio of 2.56 and a beta of 1.32. Interactive Brokers Group, Inc. has a 1 year low of $49.30 and a 1 year high of $94.73.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted $1.94 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio is 15.09%.

Insider Buying and Selling 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 transaction 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 $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

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.