Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,047 shares of the financial services provider’s stock after buying an additional 126 shares during the period. Oliver Luxxe Assets LLC’s holdings in Interactive Brokers Group were worth $787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AIA Group Ltd acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth $1,840,000. International Assets Investment Management LLC purchased a new stake in Interactive Brokers Group during the 4th quarter worth $7,841,000. Teachers Retirement System of The State of Kentucky boosted its position in Interactive Brokers Group by 93.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock worth $3,044,000 after purchasing an additional 16,996 shares during the period. Lecap Asset Management Ltd. purchased a new stake in Interactive Brokers Group during the 4th quarter worth $1,910,000. Finally, TimesSquare Capital Management LLC boosted its position in Interactive Brokers Group by 6.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 808,806 shares of the financial services provider’s stock worth $67,050,000 after purchasing an additional 50,035 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $126.75 on Tuesday. The firm has a 50-day moving average of $122.11 and a two-hundred day moving average of $107.46. The stock has a market cap of $53.37 billion, a P/E ratio of 21.67, a PEG ratio of 1.22 and a beta of 0.81. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly 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. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. 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 business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.25 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on IBKR shares. Citigroup upped their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America upped their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Barclays upped their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Piper Sandler upped their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.00.

Interactive Brokers Group Profile

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.