Sparta 24 Ltd. Purchases New Position in Interactive Brokers Group, Inc. $IBKR

Sparta 24 Ltd. purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,000 shares of the financial services provider’s stock, valued at approximately $939,000. Interactive Brokers Group comprises approximately 1.1% of Sparta 24 Ltd.’s investment portfolio, making the stock its 9th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. HM Payson & Co. grew its position in shares of Interactive Brokers Group by 5.8% in the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after buying an additional 133 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 143 shares in the last quarter. S&CO Inc. lifted its stake in Interactive Brokers Group by 0.3% in the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after acquiring an additional 160 shares during the period. Thrive Wealth Management LLC lifted its stake in Interactive Brokers Group by 1.8% in the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 162 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Interactive Brokers Group by 2.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of research analyst reports. Piper Sandler set a $105.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Barclays raised their target price on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They set an “outperform” rating and a $101.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $93.89.

Interactive Brokers Group Stock Down 1.8%

IBKR opened at $90.53 on Friday. The stock has a market cap of $153.57 billion, a PE ratio of 39.02, a PEG ratio of 2.07 and a beta of 1.33. The business has a 50 day moving average of $89.43 and a 200-day moving average of $78.48. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.55 EPS for the current year.

Interactive Brokers Group Increases Dividend

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

Insider Activity at Interactive Brokers Group

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

Interactive Brokers Group 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.