Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,106 shares of the financial services provider’s stock after selling 13,504 shares during the quarter. Bank of Montreal Can’s holdings in Interactive Brokers Group were worth $4,306,000 at the end of the most recent quarter.

Other large investors have also modified their holdings 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 increased its position 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 during the last quarter. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group during the second quarter worth about $32,000. 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 during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Interactive Brokers Group by 213.6% in the 1st quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock valued at $54,000 after buying an additional 329 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Jefferies Financial Group raised their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Barclays increased 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 note on Wednesday, July 17th. Finally, UBS Group lifted their price target on shares of Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.44.

Interactive Brokers Group Price Performance

IBKR stock opened at $138.27 on Wednesday. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $139.98. The firm has a market capitalization of $58.22 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.21 and a beta of 0.80. The business’s 50-day moving average is $124.35 and its two-hundred day moving average is $121.00.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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 company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm posted $1.32 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, analysts expect that Interactive Brokers Group, Inc. will post 6.81 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) 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.