Firetrail Investments PTY Ltd. Buys New Shares in Interactive Brokers Group, Inc. $IBKR

Key Points

• Firetrail Investments purchased 100,659 Interactive Brokers shares worth approximately $8.7 million, making IBKR about 2.5% of its portfolio. Institutional investors and hedge funds collectively own 23.8% of the stock.
• Analyst sentiment is positive, with a consensus “Moderate Buy” rating and an average price target of $96.89; several firms recently raised or set targets between $98 and $110.
• Interactive Brokers exceeded quarterly expectations, reporting $0.69 in earnings per share and $1.88 billion in revenue, up 28.1% year over year. The company also declared a quarterly dividend of $0.0875 per share.

Firetrail Investments PTY Ltd. purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,659 shares of the financial services provider's stock, valued at approximately $8,708,000. Interactive Brokers Group accounts for about 2.5% of Firetrail Investments PTY Ltd.'s investment portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Reflection Asset Management bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $26,000. IMA Advisory Services Inc. grew its position in Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider's stock worth $29,000 after buying an additional 178 shares in the last quarter. Tobam bought a new position in Interactive Brokers Group during the fourth quarter valued at about $30,000. Entrust Financial LLC bought a new position in Interactive Brokers Group during the fourth quarter valued at about $31,000. Finally, SHP Wealth Management acquired a new position in Interactive Brokers Group in the 4th quarter valued at approximately $31,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Bank of America raised their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Piper Sandler set a $109.00 price objective on Interactive Brokers Group in a research report on Wednesday, July 22nd. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research note on Friday, May 1st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of "Moderate Buy" and a consensus target price of $96.89.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $92.06 on Monday. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $97.84. The business has a fifty day moving average of $91.55 and a two-hundred day moving average of $81.23. The stock has a market cap of $156.63 billion, a PE ratio of 36.82, a PEG ratio of 1.70 and a beta of 1.34.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results 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. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The firm's quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. Analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

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

About Interactive Brokers Group

Interactive Brokers Group, Inc NASDAQ: IBKR is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

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