Vanguard Personalized Indexing Management LLC Acquires 326 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Vanguard Personalized Indexing Management LLC increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,704 shares of the financial services provider’s stock after purchasing an additional 326 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Interactive Brokers Group were worth $1,434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IBKR. Mercer Global Advisors Inc. ADV boosted its stake in shares of Interactive Brokers Group by 5.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,327 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 323 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Interactive Brokers Group in the 2nd quarter valued at approximately $1,915,000. Dimensional Fund Advisors LP increased its position in shares of Interactive Brokers Group by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock worth $36,988,000 after acquiring an additional 27,621 shares in the last quarter. Greenwich Wealth Management LLC increased its holdings in Interactive Brokers Group by 0.3% during 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 purchasing an additional 8,038 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at approximately $32,000. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Interactive Brokers Group Trading Up 0.4 %

Shares of NASDAQ IBKR opened at $133.02 on Monday. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $133.42. The company has a market cap of $56.01 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.10 and a beta of 0.80. The stock has a 50-day moving average price of $122.29 and a two-hundred day moving average price of $119.58.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 of this dividend was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

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.