Renaissance Technologies LLC Has $19.81 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Renaissance Technologies LLC lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 59.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,600 shares of the financial services provider’s stock after selling 236,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Interactive Brokers Group were worth $19,812,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tortoise Investment Management LLC boosted its holdings in shares of Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at $32,000. Rise Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the 1st quarter valued at $30,000. Principal Securities Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda boosted its holdings in shares of Interactive Brokers Group by 278.0% in the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 353 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.4 %

Shares of IBKR opened at $133.02 on Friday. The company has a market capitalization of $56.01 billion, a PE ratio of 22.64, a PEG ratio of 1.10 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $133.42. The stock’s 50-day moving average price is $122.06 and its two-hundred day moving average price is $119.30.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.74 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. Equities research analysts predict that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 8th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, UBS Group raised their price objective on Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $133.44.

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.