Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 109.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,451 shares of the financial services provider's stock after purchasing an additional 7,550 shares during the period. Massachusetts Financial Services Co. MA's holdings in Interactive Brokers Group were worth $2,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBKR. TimesSquare Capital Management LLC lifted its position in Interactive Brokers Group by 36.3% in the first quarter. TimesSquare Capital Management LLC now owns 392,250 shares of the financial services provider's stock worth $64,953,000 after purchasing an additional 104,450 shares during the period. Florida Financial Advisors LLC acquired a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $444,000. Securian Asset Management Inc. grew its holdings in shares of Interactive Brokers Group by 1.2% during the first quarter. Securian Asset Management Inc. now owns 8,331 shares of the financial services provider's stock worth $1,380,000 after purchasing an additional 100 shares during the last quarter. Left Brain Wealth Management LLC raised its holdings in shares of Interactive Brokers Group by 1,227.1% in the first quarter. Left Brain Wealth Management LLC now owns 20,344 shares of the financial services provider's stock valued at $3,369,000 after buying an additional 18,811 shares during the last quarter. Finally, CWM LLC lifted its position 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 buying an additional 66 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded up $0.25 during trading hours on Tuesday, reaching $62.25. The company's stock had a trading volume of 7,208,116 shares, compared to its average volume of 5,864,903. The firm has a 50 day moving average price of $53.84 and a 200-day moving average price of $49.43. Interactive Brokers Group, Inc. has a one year low of $25.92 and a one year high of $65.74. The stock has a market cap of $105.23 billion, a P/E ratio of 32.01, a P/E/G ratio of 2.81 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $1.76 earnings per share. The business's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business 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 is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.51%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 16.49%.

Analyst Upgrades and Downgrades

IBKR has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. The Goldman Sachs Group increased 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. Citigroup raised their price target on shares of 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 company an "overweight" rating in a report on Tuesday, July 15th. Finally, Barclays lifted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Interactive Brokers Group Company 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.