Skandinaviska Enskilda Banken AB publ Invests $3.88 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• Skandinaviska Enskilda Banken AB has acquired a new stake in Interactive Brokers Group, purchasing 23,400 shares valued at approximately $3.9 million in the first quarter.
• Analysts have revised their price targets for Interactive Brokers, with Barclays raising its target from $65 to $73, and several firms issuing various "buy" ratings.
• Interactive Brokers recently announced a quarterly dividend of $0.08 per share, translating to an annualized dividend of $0.32 and a yield of 0.49%, showcasing its commitment to returning value to shareholders.

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 23,400 shares of the financial services provider's stock, valued at approximately $3,875,000.

Several other institutional investors have also recently made changes to their positions in the stock. Avantax Advisory Services Inc. increased its position in shares of Interactive Brokers Group by 10.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,165 shares of the financial services provider's stock worth $1,021,000 after purchasing an additional 584 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth approximately $420,000. KLP Kapitalforvaltning AS increased its holdings in shares of Interactive Brokers Group by 65.9% during the 1st quarter. KLP Kapitalforvaltning AS now owns 36,500 shares of the financial services provider's stock worth $6,044,000 after acquiring an additional 14,500 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth approximately $10,471,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Interactive Brokers Group by 27.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 6,512 shares of the financial services provider's stock worth $1,078,000 after acquiring an additional 1,394 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 1.6%

NASDAQ IBKR traded down $1.05 during midday trading on Friday, hitting $64.51. The company had a trading volume of 4,608,975 shares, compared to its average volume of 7,346,586. The company has a market capitalization of $109.06 billion, a PE ratio of 33.24, a P/E/G ratio of 2.73 and a beta of 1.25. The firm has a 50-day moving average price of $56.19 and a 200-day moving average price of $50.48. Interactive Brokers Group, Inc. has a twelve month low of $25.92 and a twelve month high of $66.82.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the firm earned $1.76 EPS. Interactive Brokers Group's revenue was up 14.7% on a year-over-year basis. On average, equities analysts anticipate 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. Stockholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IBKR shares. Piper Sandler boosted their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays boosted their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Citigroup boosted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average price target of $59.38.

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.