Jupiter Asset Management Ltd. Acquires New Position in Interactive Brokers Group, Inc. $IBKR

Jupiter Asset Management Ltd. acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, Holdings Channel.com reports. The firm acquired 10,795 shares of the financial services provider’s stock, valued at approximately $694,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at about $27,000. Entrust Financial LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $31,000. Tucker Asset Management LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $32,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $33,000. Finally, Blue Trust Inc. lifted its stake in shares of Interactive Brokers Group by 236.0% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 472 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research note on Friday, May 1st. Jefferies Financial Group reduced their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Piper Sandler raised their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.25.

Interactive Brokers Group Trading Up 4.6%

Shares of IBKR opened at $86.97 on Friday. The stock has a market cap of $147.53 billion, a P/E ratio of 37.49, a PEG ratio of 2.40 and a beta of 1.32. The company has a 50-day moving average of $77.02 and a two-hundred day moving average of $71.97. Interactive Brokers Group, Inc. has a 12-month low of $49.15 and a 12-month high of $88.44.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.