Virtu Financial LLC Buys Shares of 15,621 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Virtu Financial LLC purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, HoldingsChannel reports. The fund purchased 15,621 shares of the financial services provider’s stock, valued at approximately $1,915,000.

Other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC raised its stake in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares in the last quarter. Oliver Luxxe Assets LLC grew its holdings in Interactive Brokers Group by 1.8% in the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 126 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Interactive Brokers Group by 2.8% during the second quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 131 shares in the last quarter. Thrive Wealth Management LLC lifted its holdings in shares of Interactive Brokers Group by 6.0% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 132 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Interactive Brokers Group by 5.0% in the 2nd quarter. CIBC Asset Management Inc now owns 3,051 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 146 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Jefferies Financial Group upped their target price 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. Barclays upped their price objective on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, UBS Group boosted their target price on shares of Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $133.44.

Interactive Brokers Group Stock Up 2.5 %

Interactive Brokers Group stock opened at $131.81 on Wednesday. The stock has a 50-day moving average price of $121.59 and a 200 day moving average price of $118.98. The company has a market capitalization of $55.50 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $133.16.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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 business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 EPS. Research analysts anticipate that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.76%. Interactive Brokers Group’s dividend payout ratio is presently 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.