Itau Unibanco Holding S.A. purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,174 shares of the financial services provider’s stock, valued at approximately $1,615,000.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Interactive Brokers Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after purchasing an additional 123,226 shares during the last quarter. Greenwich Wealth Management LLC grew its holdings in Interactive Brokers Group by 0.3% in 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 acquiring an additional 8,038 shares during the last quarter. Bares Capital Management Inc. increased its position in shares of Interactive Brokers Group by 10.4% in the first 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. Norges Bank bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $97,476,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Interactive Brokers Group by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 968,669 shares of the financial services provider’s stock worth $80,303,000 after purchasing an additional 13,145 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.
Interactive Brokers Group Trading Up 0.4 %
Shares of IBKR stock opened at $133.02 on Friday. The company’s fifty day moving average price is $122.29 and its 200-day moving average price is $119.52. The stock has a market cap of $56.01 billion, a PE ratio of 22.74, 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 $133.42.
Interactive Brokers Group Announces Dividend
The business also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Barclays raised 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. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group raised their price target on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.44.
Read Our Latest Stock Analysis on IBKR
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.
Further Reading
- Five stocks we like better than Interactive Brokers Group
- What is a SEC Filing?
- 3 Stocks That Could Rise on European Bank Interest Rate Cuts
- How Technical Indicators Can Help You Find Oversold Stocks
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Top Stocks Investing in 5G Technology
- MarketBeat Week in Review – 9/16 – 9/20
Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report).
Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.