Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Picton Mahoney Asset Management

Key Points

• Picton Mahoney Asset Management significantly increased its stake in Interactive Brokers Group by 1,514.6% during the first quarter, owning 48,792 shares valued at approximately $8.08 million.
• Interactive Brokers Group recently declared a quarterly dividend of $0.08, with an annualized payout yielding 0.49%.
• The company's most recent earnings report showed $1.48 billion in revenue, exceeding estimates and reflecting a 14.7% year-over-year increase in revenue.

Picton Mahoney Asset Management lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1,514.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,792 shares of the financial services provider's stock after acquiring an additional 45,770 shares during the period. Picton Mahoney Asset Management's holdings in Interactive Brokers Group were worth $8,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in IBKR. Aster Capital Management DIFC Ltd boosted its stake in shares of Interactive Brokers Group by 39.8% in the fourth 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 last quarter. City Holding Co. acquired a new stake in shares of Interactive Brokers Group in the first quarter worth approximately $33,000. Nvwm LLC purchased a new position in Interactive Brokers Group during the first quarter worth approximately $33,000. Bellwether Advisors LLC purchased a new position in Interactive Brokers Group during the fourth quarter worth approximately $35,000. Finally, LGT Financial Advisors LLC lifted its position in Interactive Brokers Group by 596.7% during the fourth quarter. LGT Financial Advisors LLC now owns 209 shares of the financial services provider's stock worth $37,000 after buying an additional 179 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 0.2%

NASDAQ:IBKR opened at $65.39 on Tuesday. Interactive Brokers Group, Inc. has a 52 week low of $25.92 and a 52 week high of $66.61. The company has a market capitalization of $110.54 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.70 and a beta of 1.25. The stock's fifty day moving average is $55.37 and its two-hundred day moving average is $50.13.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business earned $1.76 earnings per share. The company's revenue for the quarter was up 14.7% on a year-over-year basis. Sell-side analysts anticipate 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. 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 annualized dividend and a dividend yield of 0.49%. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

Analyst Ratings Changes

A number of equities analysts recently commented on IBKR shares. Bank of America reduced their price objective 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. Citigroup lifted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Piper Sandler lifted their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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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