Allianz Asset Management GmbH Has $48.38 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Allianz Asset Management GmbH raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 102.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,141 shares of the financial services provider's stock after buying an additional 147,638 shares during the quarter. Allianz Asset Management GmbH owned 0.07% of Interactive Brokers Group worth $48,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBKR. Commonwealth Equity Services LLC grew its holdings in shares of Interactive Brokers Group by 6.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,008 shares of the financial services provider's stock worth $3,005,000 after purchasing an additional 990 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Interactive Brokers Group by 14.8% in the 4th quarter. Corient Private Wealth LLC now owns 8,800 shares of the financial services provider's stock worth $1,555,000 after purchasing an additional 1,132 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Interactive Brokers Group by 496.2% in the 4th quarter. Whittier Trust Co. now owns 316 shares of the financial services provider's stock worth $56,000 after purchasing an additional 263 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $814,000. Finally, American Century Companies Inc. grew its holdings in shares of Interactive Brokers Group by 40.5% in the 4th quarter. American Century Companies Inc. now owns 90,974 shares of the financial services provider's stock worth $16,072,000 after purchasing an additional 26,234 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded up $0.80 during trading hours on Friday, reaching $65.50. 5,137,088 shares of the company's stock traded hands, compared to its average volume of 6,274,167. Interactive Brokers Group, Inc. has a fifty-two week low of $25.92 and a fifty-two week high of $65.96. The firm has a market capitalization of $110.73 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 2.70 and a beta of 1.25. The firm's 50 day moving average is $55.10 and its 200-day moving average is $49.98.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $1.76 EPS. The company's revenue was up 14.7% compared to the same quarter last year. Analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. Interactive Brokers Group's payout ratio is presently 16.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays increased their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Piper Sandler increased their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Bank of America decreased their price objective on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Citigroup increased their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and an average price target of $59.38.

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.