Whittier Trust Co. of Nevada Inc. Boosts Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Whittier Trust Co. of Nevada Inc. grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 116.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 704 shares of the financial services provider’s stock after purchasing an additional 378 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Interactive Brokers Group were worth $86,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter valued at approximately $30,000. Principal Securities Inc. purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $40,000. Kapitalo Investimentos Ltda raised its stake in shares of Interactive Brokers Group by 278.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 353 shares during the period. GAMMA Investing LLC grew its position in shares of Interactive Brokers Group by 213.6% during the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock worth $54,000 after buying an additional 329 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Interactive Brokers Group by 389.9% during the first quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock worth $70,000 after buying an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group lifted their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Finally, Barclays upped their price target on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.33.

Interactive Brokers Group Trading Up 1.1 %

Shares of Interactive Brokers Group stock traded up $1.43 on Thursday, reaching $127.75. 190,657 shares of the company were exchanged, compared to its average volume of 1,017,400. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $129.19. The company has a market capitalization of $53.79 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.07 and a beta of 0.81. The company has a 50-day moving average of $120.98 and a 200 day moving average of $116.97.

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

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. Interactive Brokers Group’s payout ratio is 17.09%.

Interactive Brokers Group 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.