Investors Buy Large Volume of Call Options on Interactive Brokers Group (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders purchased 8,122 call options on the company. This is an increase of approximately 72% compared to the typical daily volume of 4,713 call options.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded down $0.25 during mid-day trading on Friday, hitting $57.97. 4,499,824 shares of the company's stock traded hands, compared to its average volume of 5,805,742. The firm has a 50 day simple moving average of $50.89 and a two-hundred day simple moving average of $48.35. Interactive Brokers Group has a fifty-two week low of $25.92 and a fifty-two week high of $59.13. The stock has a market cap of $98.00 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 3.14 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. On average, research analysts anticipate that Interactive Brokers Group will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, May 30th. Interactive Brokers Group's dividend payout ratio is presently 17.30%.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of analyst reports. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Barclays raised their target price on shares of Interactive Brokers Group from $47.00 to $48.25 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Bank of America dropped their price target on shares of 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. The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Piper Sandler lowered their price objective on shares of Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average target price of $53.38.

Hedge Funds Weigh In On Interactive Brokers Group

Several institutional investors and hedge funds have recently made changes to their positions in IBKR. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group in the 1st quarter valued at $26,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after buying an additional 53 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $33,000. Bellwether Advisors LLC bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $35,000. Finally, City Holding Co. acquired a new position in shares of Interactive Brokers Group in the first quarter valued at about $33,000. Institutional investors and hedge funds own 23.80% of the company's stock.

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.