Triasima Portfolio Management inc. Purchases New Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Triasima Portfolio Management opened a new position of 38,425 shares in Interactive Brokers (≈$2.47M) during Q4, and institutional investors now own about 23.8% of the company.
• Wall Street sentiment is cautiously positive with an average rating of "Moderate Buy" and an average target of $83.25, while individual price targets from analysts range roughly from $75 to $98.
• Interactive Brokers beat quarterly EPS estimates ($0.60 vs. $0.57) though revenue was slightly below expectations ($1.68B vs. $1.69B), reported 17% year-over-year revenue growth, and raised its quarterly dividend to $0.0875 ($0.35 annual, ~0.4% yield).

Triasima Portfolio Management inc. purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 38,425 shares of the financial services provider's stock, valued at approximately $2,471,000.

Several other hedge funds and other institutional investors also recently modified their holdings of IBKR. Murphy & Mullick Capital Management Corp purchased a new position in shares of Interactive Brokers Group during the third quarter valued at about $27,000. Blue Trust Inc. increased its position in shares of Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider's stock valued at $43,000 after buying an additional 472 shares during the period. Ramsey Quantitative Systems purchased a new position in shares of Interactive Brokers Group during the second quarter valued at about $44,000. Darwin Wealth Management LLC purchased a new position in shares of Interactive Brokers Group during the second quarter valued at about $45,000. Finally, Close Asset Management Ltd purchased a new position in shares of Interactive Brokers Group during the third quarter valued at about $60,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IBKR shares. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research report on Friday. Jefferies Financial Group cut their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating on the stock in a report on Monday, April 6th. Keefe, Bruyette & Woods initiated coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They issued a "market perform" rating and a $75.00 price objective on the stock. Piper Sandler upped their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, April 22nd. Finally, Barclays upped their price objective on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an "overweight" rating in a report on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $83.25.

Insider Activity

In other news, Director Lawrence E. Harris sold 26,000 shares of the company's stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company's stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $80.46 on Monday. The stock has a market cap of $136.49 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.32. Interactive Brokers Group, Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $82.88. The firm's 50-day simple moving average is $71.46 and its two-hundred day simple moving average is $69.92.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business's revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 earnings per share. Equities research analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. This is a boost from Interactive Brokers Group's previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. Interactive Brokers Group's dividend payout ratio is currently 15.09%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc NASDAQ: IBKR is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

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