Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) was the target of unusually large options trading activity on Friday. Investors acquired 36,943 call options on the company. This is an increase of approximately 488% compared to the average daily volume of 6,287 call options.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock worth $263,950,000 after acquiring an additional 1,476,135 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Interactive Brokers Group by 1,476.3% in the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock worth $237,453,000 after acquiring an additional 1,343,007 shares in the last quarter. Norges Bank bought a new position in shares of Interactive Brokers Group in the 4th quarter worth about $229,316,000. Bank of America Corp DE increased its stake in shares of Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock worth $413,226,000 after acquiring an additional 1,117,186 shares in the last quarter. Finally, RV Capital AG increased its stake in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. RV Capital AG now owns 849,920 shares of the financial services provider's stock worth $47,094,000 after acquiring an additional 637,440 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.
Interactive Brokers Group Stock Up 7.8%
Shares of Interactive Brokers Group stock traded up $4.62 during trading on Friday, reaching $64.05. The company's stock had a trading volume of 15,002,107 shares, compared to its average volume of 5,845,784. Interactive Brokers Group has a 52-week low of $25.92 and a 52-week high of $65.74. The company has a market cap of $108.28 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.70 and a beta of 1.25. The firm's 50-day moving average is $53.84 and its two-hundred day moving average is $49.36.
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, beating analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 5.06%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business posted $1.76 EPS. The firm's revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that Interactive Brokers Group will post 7.46 EPS for the current year.
Interactive Brokers Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.50%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 17.30%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on IBKR shares. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Barclays boosted their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday. Bank of America lowered their price objective 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. Finally, Citigroup lifted their price objective 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.38.
View Our Latest Stock Report on IBKR
About Interactive Brokers Group
(
Get Free Report)
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.
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