State Treasurer State of Michigan increased its holdings in shares of Interactive Brokers Group (NASDAQ:IBKR) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,100 shares of the financial services provider’s stock after purchasing an additional 700 shares during the quarter. State Treasurer State of Michigan’s holdings in Interactive Brokers Group were worth $1,755,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of IBKR. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Interactive Brokers Group by 528.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 918,832 shares of the financial services provider’s stock worth $61,782,000 after purchasing an additional 772,732 shares during the last quarter. Miura Global Management LLC purchased a new stake in Interactive Brokers Group during the fourth quarter worth approximately $34,046,000. Cantillon Capital Management LLC lifted its stake in Interactive Brokers Group by 24.6% during the first quarter. Cantillon Capital Management LLC now owns 2,541,244 shares of the financial services provider’s stock worth $170,873,000 after purchasing an additional 501,191 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Interactive Brokers Group during the first quarter worth approximately $13,002,000. Finally, Millennium Management LLC purchased a new stake in Interactive Brokers Group during the fourth quarter worth approximately $9,214,000. Hedge funds and other institutional investors own 16.40% of the company’s stock.
Shares of Interactive Brokers Group opened at $77.60 on Friday, according to MarketBeat. Interactive Brokers Group has a twelve month low of $34.51 and a twelve month high of $80.32. The company has a market capitalization of $32.13 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 1.85 and a beta of 0.97.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 17th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.06. Interactive Brokers Group had a return on equity of 2.04% and a net margin of 4.58%. The company had revenue of $527.00 million during the quarter, compared to analysts’ expectations of $502.56 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 40.9% on a year-over-year basis. equities research analysts expect that Interactive Brokers Group will post 2.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Friday, June 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, May 31st. Interactive Brokers Group’s dividend payout ratio is currently 26.14%.
IBKR has been the subject of several recent analyst reports. TheStreet cut Interactive Brokers Group from a “b” rating to a “c+” rating in a research note on Monday, April 2nd. ValuEngine upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $83.00 target price for the company in a research note on Friday, April 20th. Goldman Sachs restated a “sell” rating and set a $64.00 target price (up previously from $61.00) on shares of Interactive Brokers Group in a research note on Friday, February 23rd. Finally, Gabelli restated a “buy” rating on shares of Interactive Brokers Group in a research note on Tuesday, April 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $66.71.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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