Capital CS Group LLC Acquires New Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Capital CS Group LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,801 shares of the financial services provider’s stock, valued at approximately $669,000. Interactive Brokers Group accounts for about 0.8% of Capital CS Group LLC’s portfolio, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after purchasing an additional 1,004,289 shares during the period. Goldman Sachs Group Inc. boosted its position in Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after acquiring an additional 524,503 shares in the last quarter. Marshall Wace LLP boosted its position in Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after acquiring an additional 481,826 shares in the last quarter. Bares Capital Management Inc. increased its holdings in shares of Interactive Brokers Group by 10.4% in the 1st 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. Finally, Scout Investments Inc. bought a new position in shares of Interactive Brokers Group in the 1st quarter worth $18,335,000. 23.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday. Barclays boosted 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. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.11.

Interactive Brokers Group Trading Up 2.1 %

Shares of IBKR stock traded up $3.07 during mid-day trading on Friday, reaching $147.85. The stock had a trading volume of 665,023 shares, compared to its average volume of 1,004,696. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $147.85. The firm has a market cap of $62.26 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.21 and a beta of 0.80. The business’s fifty day moving average is $125.94 and its 200-day moving average is $121.60.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share 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 for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company earned $1.32 EPS. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. 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.