Goldman Sachs Group Inc. Acquires 524,503 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Goldman Sachs Group Inc. grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 122.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 951,211 shares of the financial services provider’s stock after purchasing an additional 524,503 shares during the period. Goldman Sachs Group Inc. owned approximately 0.23% of Interactive Brokers Group worth $78,855,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Pathstone Family Office LLC increased its holdings in shares of Interactive Brokers Group by 146.7% during the third quarter. Pathstone Family Office LLC now owns 6,181 shares of the financial services provider’s stock worth $535,000 after buying an additional 3,676 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Interactive Brokers Group by 2.4% in the third quarter. Rhumbline Advisers now owns 309,731 shares of the financial services provider’s stock valued at $26,810,000 after purchasing an additional 7,195 shares in the last quarter. QRG Capital Management Inc. bought a new position in Interactive Brokers Group in the 3rd quarter worth approximately $341,000. Envestnet Portfolio Solutions Inc. bought a new position in Interactive Brokers Group in the 3rd quarter valued at $779,000. Finally, Envestnet Asset Management Inc. increased 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 buying an additional 17,969 shares during the period. 23.80% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on IBKR shares. Bank of America upped their price target 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. Barclays increased their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group raised their price target on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Citigroup upped their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $124.00.
View Our Latest Stock Analysis on IBKR
Interactive Brokers Group Price Performance
NASDAQ IBKR opened at $120.14 on Monday. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $129.19. The firm has a market cap of $50.59 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.20 and a beta of 0.82. The stock’s 50-day moving average is $119.77 and its 200-day moving average is $104.09.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.63 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.59 EPS for the current year.
Interactive Brokers Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.
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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