Universal Beteiligungs und Servicegesellschaft mbH Invests $10.47 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $10.47 million in Interactive Brokers Group, acquiring 63,235 shares in the first quarter.
• Wall Street analysts have upgraded Interactive Brokers Group's stock with projections of growth, resulting in a current consensus rating of "Moderate Buy" and an average price target of $59.38.
• Interactive Brokers Group reported earnings of $0.51 per share, exceeding estimates, alongside a revenue of $1.48 billion for the quarter, reflecting a year-over-year growth of 14.7%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 63,235 shares of the financial services provider's stock, valued at approximately $10,471,000.

Several other large investors also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in Interactive Brokers Group by 40.5% during the 4th quarter. American Century Companies Inc. now owns 90,974 shares of the financial services provider's stock valued at $16,072,000 after purchasing an additional 26,234 shares during the period. LPL Financial LLC boosted its stake in Interactive Brokers Group by 9.0% during the 4th quarter. LPL Financial LLC now owns 151,272 shares of the financial services provider's stock valued at $26,725,000 after purchasing an additional 12,435 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Interactive Brokers Group by 151.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 157 shares during the period. Norges Bank bought a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $229,316,000. Finally, New Age Alpha Advisors LLC bought a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $10,888,000. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Down 0.4%

Shares of IBKR stock traded down $0.23 during mid-day trading on Tuesday, reaching $65.16. The stock had a trading volume of 1,734,533 shares, compared to its average volume of 7,391,441. Interactive Brokers Group, Inc. has a one year low of $25.92 and a one year high of $66.61. The firm's 50 day simple moving average is $55.37 and its 200 day simple moving average is $50.13. The firm has a market cap of $110.15 billion, a PE ratio of 33.52, a P/E/G ratio of 2.70 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (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 business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the firm posted $1.76 EPS. Interactive Brokers Group's quarterly revenue was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. Interactive Brokers Group's payout ratio is presently 16.49%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IBKR. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Piper Sandler raised 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. Citigroup raised 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. Barclays raised their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus 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.