Leuthold Group LLC Invests $234,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Leuthold Group LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,911 shares of the financial services provider’s stock, valued at approximately $234,000.

Several other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the 1st quarter worth $30,000. Tortoise Investment Management LLC raised its holdings in 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 worth $31,000 after purchasing an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group in the second quarter valued at about $32,000. Principal Securities Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $40,000. Finally, Kapitalo Investimentos Ltda boosted its holdings 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 purchasing an additional 353 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $132.45 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $133.42. The firm has a market capitalization of $55.77 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80. The stock’s fifty day moving average is $121.83 and its two-hundred day moving average is $119.20.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company earned $1.32 EPS. The firm’s revenue was up 21.2% on a year-over-year basis. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.76%. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IBKR. UBS Group increased their target price 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. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Barclays boosted their target price 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. Finally, Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Two investment 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 company has a consensus rating of “Moderate Buy” and an average price target of $133.44.

Interactive Brokers Group 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.