Fulton Bank N.A. Purchases Shares of 2,081 Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Fulton Bank N.A. purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,081 shares of the financial services provider’s stock, valued at approximately $232,000.
Several other large investors have also recently added to or reduced their stakes in IBKR. QRG Capital Management Inc. acquired a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $341,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $779,000. Envestnet Asset Management Inc. grew its stake in shares of Interactive Brokers Group by 6.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 280,808 shares of the financial services provider’s stock valued at $24,307,000 after purchasing an additional 17,969 shares during the period. FMR LLC grew its stake in shares of Interactive Brokers Group by 211.7% in the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock valued at $153,517,000 after purchasing an additional 1,204,573 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Interactive Brokers Group by 234.6% in the 3rd quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock valued at $49,104,000 after purchasing an additional 397,729 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.
Interactive Brokers Group Price Performance
NASDAQ IBKR opened at $120.18 on Friday. The firm has a market cap of $50.61 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.20 and a beta of 0.82. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $129.19. The stock’s 50 day simple moving average is $120.56 and its 200 day simple moving average is $105.37.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 6.59 earnings per share for the current year.
Interactive Brokers Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.25 per share. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.00 annualized dividend and a yield of 0.83%. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on IBKR shares. Citigroup upped their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Bank of America upped their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Jefferies Financial Group upped their price objective on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Barclays upped their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, Piper Sandler upped their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.
View Our Latest Analysis on Interactive Brokers Group
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.
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