Dynamic Technology Lab Private Ltd Boosts Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Dynamic Technology Lab Private Ltd boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 271.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,989 shares of the financial services provider’s stock after purchasing an additional 11,688 shares during the period. Interactive Brokers Group comprises approximately 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 26th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in Interactive Brokers Group were worth $2,648,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in shares of Interactive Brokers Group in the first quarter worth $26,000. City Holding Co. bought a new position in shares of Interactive Brokers Group in the first quarter worth $33,000. Nvwm LLC bought a new position in shares of Interactive Brokers Group in the first quarter worth $33,000. ASR Vermogensbeheer N.V. bought a new position in shares of Interactive Brokers Group in the first quarter worth $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Interactive Brokers Group in the first quarter worth $43,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on IBKR shares. Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. The Goldman Sachs Group increased their target price on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Citigroup increased their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Piper Sandler increased their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Finally, Barclays increased their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.38.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the transaction, the insider directly owned 461,500 shares of the company’s stock, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 233,972 shares of company stock worth $15,746,449 over the last quarter. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Down 6.4%

NASDAQ IBKR opened at $60.16 on Friday. The company has a market capitalization of $102.04 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.45 and a beta of 1.23. Interactive Brokers Group, Inc. has a twelve month low of $30.01 and a twelve month high of $68.07. The stock’s 50-day simple moving average is $62.19 and its two-hundred day simple moving average is $52.21.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 16.49%.

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.