JT Stratford LLC Buys Shares of 1,808 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

JT Stratford LLC purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,808 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC increased its holdings in Interactive Brokers Group by 698.7% in the 4th quarter. SG Americas Securities LLC now owns 13,858 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 12,123 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Interactive Brokers Group by 3.2% in the 4th quarter. Raymond James & Associates now owns 390,183 shares of the financial services provider’s stock valued at $32,346,000 after buying an additional 12,231 shares during the period. CVA Family Office LLC purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $75,000. Pacer Advisors Inc. lifted its stake in Interactive Brokers Group by 62.7% during the 4th quarter. Pacer Advisors Inc. now owns 20,075 shares of the financial services provider’s stock worth $1,664,000 after acquiring an additional 7,735 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Interactive Brokers Group by 254.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 244,099 shares of the financial services provider’s stock valued at $20,236,000 after acquiring an additional 175,194 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of IBKR traded up $0.23 during mid-day trading on Friday, reaching $118.80. The company’s stock had a trading volume of 839,554 shares, compared to its average volume of 1,041,175. The company’s 50 day moving average is $123.45 and its 200 day moving average is $112.29. The stock has a market cap of $50.02 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.74 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.32 earnings per share. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.76 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.25 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of recent research reports. Bank of America boosted their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. UBS Group increased their target price on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Jefferies Financial Group boosted their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Piper Sandler increased their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Citigroup boosted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $132.33.

Interactive Brokers Group Company Profile

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.