Corient Private Wealth LP Has $23.57 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Corient Private Wealth LP increased its Interactive Brokers stake by 128.9% in the second quarter, adding 152,518 shares for a total holding of 270,820 shares valued at approximately $23.57 million.
• Analysts maintain a generally positive view of IBKR, with a consensus rating of “Moderate Buy” and an average price target of $98.90; individual targets include Barclays at $114 and Bank of America at $106.
• Interactive Brokers exceeded quarterly expectations, reporting $0.69 in earnings per share versus a $0.64 consensus estimate and $1.88 billion in revenue, up 28.1% year over year. The company also declared a quarterly dividend of $0.0875 per share.

Corient Private Wealth LP lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 128.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 270,820 shares of the financial services provider's stock after purchasing an additional 152,518 shares during the period. Corient Private Wealth LP's holdings in Interactive Brokers Group were worth $23,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IBKR. California State Teachers Retirement System grew its holdings in Interactive Brokers Group by 8,229.0% during the 2nd quarter. California State Teachers Retirement System now owns 53,724,396 shares of the financial services provider's stock worth $4,676,171,000 after acquiring an additional 53,079,364 shares during the last quarter. State Street Corp lifted its holdings in shares of Interactive Brokers Group by 1.0% during the fourth quarter. State Street Corp now owns 18,836,521 shares of the financial services provider's stock worth $1,211,377,000 after purchasing an additional 187,763 shares during the period. Cantillon Capital Management LLC lifted its holdings in shares of Interactive Brokers Group by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider's stock worth $820,589,000 after purchasing an additional 95,878 shares during the period. Wellington Management Group LLP grew its stake in shares of Interactive Brokers Group by 17.6% in the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider's stock worth $750,110,000 after purchasing an additional 1,630,620 shares during the last quarter. Finally, Orbis Allan Gray Ltd grew its stake in shares of Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider's stock worth $539,697,000 after purchasing an additional 6,246,715 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Wall Street Analyst Weigh In

IBKR has been the subject of several analyst reports. Weiss Ratings raised Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, July 15th. China Renaissance started coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They issued a "hold" rating on the stock. Barclays set a $114.00 price target on Interactive Brokers Group and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Bank of America lifted their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Raymond James Financial assumed coverage on Interactive Brokers Group in a report on Wednesday, August 26th. They issued a "market perform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.90.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $91.37 on Monday. The company has a fifty day simple moving average of $92.10 and a 200 day simple moving average of $83.80. Interactive Brokers Group, Inc. has a 12-month low of $58.95 and a 12-month high of $98.75. The company has a market cap of $155.46 billion, a P/E ratio of 36.55, a PEG ratio of 1.69 and a beta of 1.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business's revenue was up 28.1% on a year-over-year basis. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.68 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group's dividend payout ratio is currently 14.00%.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.

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