Marshall Wace LLP Grows Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Marshall Wace LLP boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 23.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,507,059 shares of the financial services provider’s stock after acquiring an additional 481,826 shares during the quarter. Marshall Wace LLP owned about 0.60% of Interactive Brokers Group worth $307,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. purchased a new position in Interactive Brokers Group in the 2nd quarter worth approximately $1,615,000. AE Wealth Management LLC boosted its holdings in Interactive Brokers Group by 5.9% in the 2nd quarter. AE Wealth Management LLC now owns 8,083 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 447 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Interactive Brokers Group by 581.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 82,893 shares of the financial services provider’s stock worth $10,163,000 after acquiring an additional 70,736 shares during the period. Intech Investment Management LLC purchased a new position in Interactive Brokers Group in the 2nd quarter worth approximately $2,113,000. Finally, Leuthold Group LLC purchased a new position in shares of Interactive Brokers Group during the 2nd quarter valued at approximately $234,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.6 %

IBKR stock opened at $135.19 on Tuesday. The firm has a market cap of $56.93 billion, a P/E ratio of 23.11, a P/E/G 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 $135.59. The stock’s 50 day simple moving average is $122.50 and its 200 day simple moving average is $119.77.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates 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 revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Analyst Ratings Changes

Several research firms have recently commented on IBKR. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their target price for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group increased their target price on Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Barclays increased their target price 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 Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.