Atomi Financial Group Inc. Takes $402,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Atomi Financial Group Inc. bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,597 shares of the financial services provider’s stock, valued at approximately $402,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. AIA Group Ltd acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at approximately $1,840,000. International Assets Investment Management LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at $7,841,000. Goldman Sachs Group Inc. boosted its stake in Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after acquiring an additional 524,503 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Interactive Brokers Group during the 4th quarter worth $1,910,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Interactive Brokers Group by 6.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 808,806 shares of the financial services provider’s stock worth $67,050,000 after purchasing an additional 50,035 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research reports. UBS Group lifted their price target on Interactive Brokers Group from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Bank of America lifted their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Jefferies Financial Group upped their price target on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Citigroup boosted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.11.

Interactive Brokers Group Stock Up 2.0 %

Interactive Brokers Group stock traded up $2.46 during trading hours on Monday, hitting $124.07. 682,587 shares of the company traded hands, compared to its average volume of 1,021,379. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $129.19. The firm has a market cap of $52.24 billion, a P/E ratio of 20.79, a P/E/G ratio of 0.95 and a beta of 0.81. The firm’s 50-day simple moving average is $123.44 and its two-hundred day simple moving average is $110.15.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.01. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 6.87 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s payout ratio is currently 17.09%.

About Interactive Brokers Group

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.