Seven Eight Capital LP Takes Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Seven Eight Capital LP bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,008 shares of the financial services provider’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBKR. Principal Securities Inc. purchased a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $40,000. Dimensional Fund Advisors LP lifted its stake in Interactive Brokers Group by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 276,180 shares of the financial services provider’s stock worth $22,896,000 after purchasing an additional 3,705 shares in the last quarter. UBS Group AG boosted its holdings in shares of Interactive Brokers Group by 184.8% during the 4th quarter. UBS Group AG now owns 73,475 shares of the financial services provider’s stock valued at $6,091,000 after purchasing an additional 47,674 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $1,091,000. Finally, Intech Investment Management LLC bought a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $427,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.6 %

Interactive Brokers Group stock opened at $135.19 on Tuesday. The firm has a market capitalization of $56.93 billion, a PE ratio of 23.11, 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 $135.59. The firm has a 50-day moving average price of $122.50 and a 200-day moving average price of $119.77.

Interactive Brokers Group (NASDAQ:IBKR) last announced its 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. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business earned $1.32 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IBKR. UBS Group increased their price target 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 raised their target price on shares of 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 upped their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.