Edgestream Partners L.P. Has $2.20 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Edgestream Partners L.P. lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 76.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,263 shares of the financial services provider's stock after selling 42,501 shares during the period. Edgestream Partners L.P.'s holdings in Interactive Brokers Group were worth $2,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Independent Advisor Alliance purchased a new stake in shares of Interactive Brokers Group in the 4th quarter worth approximately $261,000. Farther Finance Advisors LLC raised its holdings in Interactive Brokers Group by 27.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,034 shares of the financial services provider's stock valued at $183,000 after acquiring an additional 224 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Interactive Brokers Group by 6.2% in the fourth 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. Natixis Advisors LLC increased its holdings in shares of Interactive Brokers Group by 12.6% in the fourth quarter. Natixis Advisors LLC now owns 21,203 shares of the financial services provider's stock worth $3,746,000 after purchasing an additional 2,369 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Interactive Brokers Group by 14.8% in the fourth quarter. Corient Private Wealth LLC now owns 8,800 shares of the financial services provider's stock worth $1,555,000 after acquiring an additional 1,132 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Barclays boosted their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Citigroup boosted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

Interactive Brokers Group Trading Up 7.8%

IBKR traded up $4.62 during trading on Friday, hitting $64.05. 15,002,107 shares of the company's stock were exchanged, compared to its average volume of 5,850,955. Interactive Brokers Group, Inc. has a 1 year low of $25.92 and a 1 year high of $65.74. The stock has a 50 day moving average price of $53.84 and a 200 day moving average price of $49.40. The firm has a market cap of $108.28 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 2.91 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 5.06%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $1.76 EPS. Analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%. Interactive Brokers Group's payout ratio is currently 17.30%.

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.