Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 12.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,830 shares of the financial services provider’s stock after buying an additional 1,538 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Interactive Brokers Group were worth $912,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Interactive Brokers Group by 1.5% in the 4th quarter. JPMorgan Chase & Co. now owns 120,354 shares of the financial services provider’s stock valued at $9,559,000 after buying an additional 1,832 shares during the period. FDx Advisors Inc. boosted its stake in shares of Interactive Brokers Group by 7.8% in the 4th quarter. FDx Advisors Inc. now owns 17,679 shares of the financial services provider’s stock valued at $1,404,000 after buying an additional 1,275 shares during the period. Bridgefront Capital LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $279,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $32,745,000. Finally, Covestor Ltd purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $180,000. Institutional investors and hedge funds own 20.49% of the company’s stock.
Shares of IBKR stock opened at $54.09 on Tuesday. The business’s 50 day moving average is $56.98 and its two-hundred day moving average is $64.37. Interactive Brokers Group, Inc. has a twelve month low of $52.18 and a twelve month high of $82.83. The company has a market capitalization of $22.62 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 0.76 and a beta of 0.80.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last announced its earnings results on Tuesday, April 19th. The financial services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.01). Interactive Brokers Group had a net margin of 10.32% and a return on equity of 3.09%. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $703.34 million. During the same quarter last year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was down 27.8% compared to the same quarter last year. Research analysts expect that Interactive Brokers Group, Inc. will post 3.8 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 14th. Investors of record on Wednesday, June 1st were paid a $0.10 dividend. The ex-dividend date was Tuesday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.08%.
Several equities research analysts have recently weighed in on IBKR shares. Compass Point cut their target price on Interactive Brokers Group to $85.00 in a research report on Friday, June 3rd. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Tuesday, April 26th. StockNews.com lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 26th. Finally, Bank of America raised their target price on Interactive Brokers Group from $111.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th.
In related news, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $64.19, for a total value of $1,283,800.00. Following the sale, the chairman now directly owns 3,007,511 shares in the company, valued at $193,052,131.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 540,000 shares of company stock worth $31,546,000. Company insiders own 5.72% of the company’s stock.
About Interactive Brokers Group (Get Rating)
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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