National Bank of Canada FI Increases Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

National Bank of Canada FI boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 13.2% in the 2nd quarter, Holdings Channel reports. The firm owned 7,612 shares of the financial services provider’s stock after purchasing an additional 889 shares during the period. National Bank of Canada FI’s holdings in Interactive Brokers Group were worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in Interactive Brokers Group in the first quarter valued at $30,000. Tortoise Investment Management LLC grew its holdings 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 worth $31,000 after buying an additional 111 shares during the last quarter. Principal Securities Inc. acquired a new position in Interactive Brokers Group in the 4th quarter valued at about $40,000. Kapitalo Investimentos Ltda increased 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 period. Finally, GAMMA Investing LLC raised its stake in Interactive Brokers Group by 213.6% during the 1st quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on IBKR. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Barclays lifted their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. UBS Group increased their price target on shares of Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Monday. Finally, Jefferies Financial Group upped their price objective on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.44.

Interactive Brokers Group Trading Up 0.7 %

Shares of IBKR opened at $123.60 on Friday. The company has a 50-day moving average of $121.41 and a two-hundred day moving average of $118.54. The stock has a market cap of $52.04 billion, a P/E ratio of 21.13, a PEG ratio of 1.09 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last issued 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. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group’s payout ratio is currently 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.