Itau Unibanco Holding S.A. Buys New Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Itau Unibanco Holding S.A. purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,174 shares of the financial services provider’s stock, valued at approximately $1,615,000.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Interactive Brokers Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after purchasing an additional 123,226 shares during the last quarter. Greenwich Wealth Management LLC grew its holdings in Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after acquiring an additional 8,038 shares during the last quarter. Bares Capital Management Inc. increased its position in shares of Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after acquiring an additional 264,543 shares during the period. Norges Bank bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $97,476,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Interactive Brokers Group by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 968,669 shares of the financial services provider’s stock worth $80,303,000 after purchasing an additional 13,145 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Up 0.4 %

Shares of IBKR stock opened at $133.02 on Friday. The company’s fifty day moving average price is $122.29 and its 200-day moving average price is $119.52. The stock has a market cap of $56.01 billion, a PE ratio of 22.74, a price-to-earnings-growth 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.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data 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. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Analyst Ratings Changes

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

Interactive Brokers Group Company 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.