Canada Pension Plan Investment Board Increases Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Canada Pension Plan Investment Board raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 581.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,893 shares of the financial services provider’s stock after purchasing an additional 70,736 shares during the period. Canada Pension Plan Investment Board’s holdings in Interactive Brokers Group were worth $10,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Tortoise Investment Management LLC lifted its stake in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after buying an additional 111 shares during the period. Oliver Luxxe Assets LLC lifted its stake in shares of Interactive Brokers Group by 1.8% during the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock valued at $787,000 after buying an additional 126 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Interactive Brokers Group by 2.8% during the second quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider’s stock valued at $596,000 after buying an additional 131 shares during the period. Thrive Wealth Management LLC lifted its stake in shares of Interactive Brokers Group by 6.0% during the second quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider’s stock valued at $286,000 after buying an additional 132 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Interactive Brokers Group by 5.0% during the second quarter. CIBC Asset Management Inc now owns 3,051 shares of the financial services provider’s stock valued at $374,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Interactive Brokers Group Stock Up 0.7 %

Interactive Brokers Group stock opened at $136.11 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $136.56. The firm has a fifty day moving average of $122.75 and a 200-day moving average of $119.97. The firm has a market capitalization of $57.31 billion, a P/E ratio of 23.27, a PEG ratio of 1.10 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (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 company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $1.32 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, research analysts expect that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, August 30th. Interactive Brokers Group’s payout ratio is 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.