Friedenthal Financial Invests $996,000 in Interactive Brokers Group, Inc. $IBKR

Friedenthal Financial acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,848 shares of the financial services provider’s stock, valued at approximately $996,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Reflection Asset Management bought a new stake in Interactive Brokers Group during the 4th quarter worth approximately $26,000. IMA Advisory Services Inc. lifted its stake in Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares in the last quarter. Tobam bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $30,000. Entrust Financial LLC bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $31,000. Finally, SHP Wealth Management acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $31,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction dated 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 directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of several research reports. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective for the company. Barclays boosted their price objective on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research note on Friday, May 1st. Wolfe Research initiated coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target on the stock. Finally, Jefferies Financial Group dropped their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.22.

Interactive Brokers Group Stock Down 2.0%

Shares of IBKR opened at $92.79 on Thursday. The stock has a market capitalization of $157.40 billion, a P/E ratio of 40.00, a P/E/G ratio of 2.62 and a beta of 1.32. Interactive Brokers Group, Inc. has a twelve month low of $51.83 and a twelve month high of $97.84. The company has a 50 day moving average of $85.12 and a 200-day moving average of $75.24.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate 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 revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 1st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

About Interactive Brokers Group

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.