Interactive Brokers Group, Inc. $IBKR Stock Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Interactive Brokers stake by 13.4% in the second quarter, bringing its holdings to 100,705 shares valued at approximately $8.8 million. Institutional investors collectively own 23.8% of the company.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $98.90; individual targets ranged from $101 to $113.
• Interactive Brokers exceeded quarterly expectations, reporting $0.69 in EPS and $1.88 billion in revenue, up 28.1% year over year. The company also paid a quarterly dividend of $0.0875 per share, representing a 0.4% yield.

QRG Capital Management Inc. boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 13.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,705 shares of the financial services provider's stock after acquiring an additional 11,906 shares during the period. QRG Capital Management Inc.'s holdings in Interactive Brokers Group were worth $8,765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IBKR. Vise Technologies Inc. increased its position in Interactive Brokers Group by 151.8% during the fourth quarter. Vise Technologies Inc. now owns 24,209 shares of the financial services provider's stock worth $1,557,000 after buying an additional 14,593 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Interactive Brokers Group by 30.1% in the first quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider's stock valued at $14,038,000 after acquiring an additional 48,443 shares in the last quarter. MUFG Securities EMEA plc lifted its position in shares of Interactive Brokers Group by 1,223.3% in the fourth quarter. MUFG Securities EMEA plc now owns 112,774 shares of the financial services provider's stock valued at $7,252,000 after acquiring an additional 104,252 shares in the last quarter. DUTCH ASSET Corp boosted its stake in shares of Interactive Brokers Group by 22.3% during the first quarter. DUTCH ASSET Corp now owns 65,098 shares of the financial services provider's stock valued at $4,366,000 after acquiring an additional 11,852 shares during the last quarter. Finally, Progeny 3 Inc. boosted its stake in shares of Interactive Brokers Group by 3.1% during the first quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider's stock valued at $147,262,000 after acquiring an additional 65,880 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analyst Ratings Changes

IBKR has been the subject of a number of recent research reports. The Goldman Sachs Group set a $113.00 price objective on Interactive Brokers Group and gave the stock a "buy" rating in a research report on Tuesday, September 1st. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Interactive Brokers Group in a research report on Wednesday, September 2nd. Weiss Ratings upgraded shares of Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, July 15th. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an "outperform" rating and a $101.00 price target for the company. Finally, Piper Sandler set a $109.00 price objective on Interactive Brokers Group in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $98.90.

Interactive Brokers Group Trading Down 1.9%

Shares of IBKR opened at $89.82 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75. The firm has a market cap of $152.82 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.70 and a beta of 1.35. The stock has a 50 day moving average of $91.29 and a 200-day moving average of $85.04.

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

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.0875 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group's dividend payout ratio is 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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