Harvest Fund Management Co. Ltd Has $131,000 Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• Harvest Fund Management Co. Ltd significantly reduced its stake in Interactive Brokers Group, Inc. by 85.3%, now holding only 790 shares valued at $131,000.
• Several institutional investors, including Aster Capital Management and CWM LLC, have increased their holdings in Interactive Brokers, indicating growing confidence in the company.
• Interactive Brokers recently reported better-than-expected earnings, with $0.51 earnings per share and $1.48 billion in revenue for the quarter, compared to analyst estimates.

Harvest Fund Management Co. Ltd lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 85.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 790 shares of the financial services provider's stock after selling 4,578 shares during the period. Harvest Fund Management Co. Ltd's holdings in Interactive Brokers Group were worth $131,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd grew its holdings in Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after acquiring an additional 53 shares during the period. CWM LLC grew its holdings in Interactive Brokers Group by 6.6% during the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock worth $176,000 after acquiring an additional 66 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock worth $1,410,000 after acquiring an additional 70 shares during the period. Quadrant Capital Group LLC grew its holdings in Interactive Brokers Group by 2.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider's stock worth $502,000 after acquiring an additional 73 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in shares of Interactive Brokers Group by 4.1% in the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 1.0%

Shares of NASDAQ IBKR opened at $65.56 on Friday. The firm has a market cap of $110.83 billion, a PE ratio of 33.71, a PEG ratio of 2.73 and a beta of 1.25. Interactive Brokers Group, Inc. has a 1-year low of $25.92 and a 1-year high of $66.82. The company has a fifty day moving average price of $56.19 and a 200 day moving average price of $50.48.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The firm 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 4.92%. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 EPS. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Analyst Ratings Changes

Several brokerages have recently issued reports on IBKR. Bank of America decreased their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a report on Wednesday, April 16th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays boosted their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Citigroup boosted their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Piper Sandler boosted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

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.

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