American Century Companies Inc. Acquires 983 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

American Century Companies Inc. increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,230 shares of the financial services provider’s stock after purchasing an additional 983 shares during the period. American Century Companies Inc.’s holdings in Interactive Brokers Group were worth $11,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBKR. Rise Advisors LLC purchased a new position in Interactive Brokers Group during the first quarter valued at $30,000. Tortoise Investment Management LLC boosted its stake in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 111 shares during the period. Principal Securities Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $40,000. Kapitalo Investimentos Ltda grew its position in Interactive Brokers Group by 278.0% in the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 353 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Interactive Brokers Group by 213.6% in the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 329 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IBKR has been the topic of several research reports. Jefferies Financial Group raised their price target 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. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their target price for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Barclays raised their price target on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, UBS Group increased their price objective on Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 9th. Two 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 stock currently has an average rating of “Moderate Buy” and an average price target of $133.44.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $133.02 on Monday. The business has a 50 day simple moving average of $122.29 and a two-hundred day simple moving average of $119.58. The stock has a market capitalization of $56.01 billion, a P/E ratio of 22.74, a PEG 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 (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. The company 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 firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 EPS. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.75%. 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.