Handelsbanken Fonder AB Grows Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Handelsbanken Fonder AB increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 124,883 shares of the financial services provider’s stock after buying an additional 6,756 shares during the period. Handelsbanken Fonder AB’s holdings in Interactive Brokers Group were worth $10,870,000 at the end of the most recent quarter.

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% during the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 133 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Interactive Brokers Group by 1.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after buying an additional 143 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Interactive Brokers Group by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock valued at $1,172,000 after buying an additional 150 shares during the last quarter. S&CO Inc. lifted its holdings in shares of 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 buying an additional 160 shares in the last quarter. Finally, Forefront Wealth Partners LLC lifted its holdings in shares of Interactive Brokers Group by 2.1% in the fourth quarter. Forefront Wealth Partners LLC now owns 8,175 shares of the financial services provider’s stock worth $526,000 after buying an additional 169 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Trading Down 0.3%

Shares of IBKR opened at $91.42 on Friday. The company’s fifty day simple moving average is $91.39 and its 200-day simple moving average is $81.12. The company has a market cap of $155.08 billion, a P/E ratio of 36.57, a P/E/G ratio of 1.69 and a beta of 1.34. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s revenue was up 28.1% compared to the same quarter last year. Analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 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 is currently 14.00%.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of research reports. China Renaissance began coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating on the stock. Barclays set a $114.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Wolfe Research started coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 price target for the company. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Finally, Piper Sandler set a $109.00 target price on Interactive Brokers Group in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $96.89.

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.