19,954 Shares in Interactive Brokers Group, Inc. $IBKR Purchased by Element Capital Management LLC

Element Capital Management LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,954 shares of the financial services provider’s stock, valued at approximately $1,283,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. IMA Advisory Services Inc. increased its holdings in shares of 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 position in Interactive Brokers Group during the 4th quarter valued at approximately $31,000. Tucker Asset Management LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth about $32,000. Lloyd Advisory Services LLC. purchased a new position in Interactive Brokers Group during the 4th quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $34,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 2.1%

Shares of IBKR opened at $95.09 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $49.30 and a 52-week high of $96.75. The company has a 50-day simple moving average of $82.75 and a 200-day simple moving average of $74.17. The company has a market capitalization of $161.31 billion, a PE ratio of 40.99, a P/E/G ratio of 2.57 and a beta of 1.32.

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

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a $0.0875 dividend. This is a boost 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 was Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.09%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IBKR. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research note on Friday, May 1st. Jefferies Financial Group lowered 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 research note on Monday, April 6th. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. Wolfe Research assumed coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price on the stock. Finally, Barclays boosted their price objective on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.22.

Insider Activity

In related news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred 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 transaction, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is 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.