Xponance Inc. Boosts Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Xponance Inc. lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 43.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,225 shares of the financial services provider's stock after acquiring an additional 5,494 shares during the quarter. Xponance Inc.'s holdings in Interactive Brokers Group were worth $3,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after acquiring an additional 1,476,135 shares during the period. Norges Bank acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $229,316,000. Bank of America Corp DE grew its stake in Interactive Brokers Group by 91.4% in the fourth quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after acquiring an additional 1,117,186 shares during the period. GAMMA Investing LLC grew its stake in Interactive Brokers Group by 22,211.1% in the first quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock valued at $701,950,000 after acquiring an additional 422,010 shares during the period. Finally, Fullerton Fund Management Co Ltd. acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $69,057,000. 23.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IBKR has been the topic of several analyst reports. Bank of America cut their target price on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Citigroup lifted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Piper Sandler lifted their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Price Performance

Shares of IBKR traded up $4.62 during mid-day trading on Friday, hitting $64.05. The stock had a trading volume of 15,002,107 shares, compared to its average volume of 5,845,783. The firm has a market cap of $108.28 billion, a P/E ratio of 32.93, a PEG ratio of 2.70 and a beta of 1.25. The business has a fifty day moving average price of $53.84 and a 200-day moving average price of $49.36. Interactive Brokers Group, Inc. has a 52 week low of $25.92 and a 52 week high of $65.44.

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

Interactive Brokers Group Announces Dividend

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

Interactive Brokers Group Profile

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.