Triasima Portfolio Management inc. Invests $2.47 Million in Interactive Brokers Group, Inc. $IBKR

Triasima Portfolio Management inc. bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,425 shares of the financial services provider’s stock, valued at approximately $2,471,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Interactive Brokers Group in the third quarter worth approximately $27,000. Blue Trust Inc. lifted its stake in shares of Interactive Brokers Group by 236.0% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after buying an additional 472 shares in the last quarter. Ramsey Quantitative Systems bought a new position in shares of Interactive Brokers Group in the second quarter worth approximately $44,000. Darwin Wealth Management LLC bought a new position in shares of Interactive Brokers Group in the second quarter worth approximately $45,000. Finally, Close Asset Management Ltd bought a new position in shares of Interactive Brokers Group in the third quarter worth approximately $60,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $80.46 on Monday. The company has a market cap of $136.49 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.32. The company’s 50 day moving average is $71.46 and its 200 day moving average is $69.92. Interactive Brokers Group, Inc. has a twelve month low of $43.78 and a twelve month high of $82.88.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 earnings per share. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be given a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is 15.09%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IBKR. Jefferies Financial Group lowered their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective on the stock. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research report on Friday. BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler increased their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.25.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.