Firetrail Investments PTY Ltd. Purchases New Shares in Interactive Brokers Group, Inc. $IBKR

Firetrail Investments PTY Ltd. acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 100,659 shares of the financial services provider’s stock, valued at approximately $8,708,000. Interactive Brokers Group comprises approximately 2.5% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 21st biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $453,146,000. Orbis Allan Gray Ltd raised its holdings 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 buying an additional 6,246,715 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Interactive Brokers Group by 225.4% in the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after buying an additional 5,260,923 shares during the last quarter. State Street Corp lifted its position in Interactive Brokers Group by 23.2% during the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock worth $1,283,221,000 after buying an additional 3,517,729 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Interactive Brokers Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after buying an additional 2,534,772 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. China Renaissance initiated coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They set a “hold” rating on the stock. 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. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price on the stock. Piper Sandler set a $109.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.89.

Interactive Brokers Group Price Performance

IBKR stock opened at $92.06 on Monday. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84. The company has a market cap of $156.63 billion, a P/E ratio of 36.82, a PEG ratio of 1.70 and a beta of 1.34. The business has a fifty day moving average of $91.55 and a 200-day moving average of $81.23.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results 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 business had revenue of $1.88 billion for 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 quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s payout ratio is currently 14.00%.

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.