Erste Asset Management GmbH Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Erste Asset Management GmbH purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, HoldingsChannel reports. The firm purchased 76,500 shares of the financial services provider’s stock, valued at approximately $5,061,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. IMA Advisory Services Inc. raised its position in Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 178 shares in the last quarter. Egerton Capital UK LLP raised its position in Interactive Brokers Group by 11.0% in the fourth quarter. Egerton Capital UK LLP now owns 6,939,581 shares of the financial services provider’s stock worth $446,284,000 after acquiring an additional 685,447 shares in the last quarter. Syon Capital LLC bought a new stake in Interactive Brokers Group in the fourth quarter worth about $213,000. ING Groep NV raised its position in Interactive Brokers Group by 28.4% in the fourth quarter. ING Groep NV now owns 13,296 shares of the financial services provider’s stock worth $855,000 after acquiring an additional 2,943 shares in the last quarter. Finally, Havemeyer Place LP bought a new stake in Interactive Brokers Group in the fourth quarter worth about $405,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Down 1.2%

Shares of IBKR opened at $86.33 on Wednesday. The business’s 50-day moving average price is $79.89 and its 200 day moving average price is $72.97. The stock has a market capitalization of $146.45 billion, a P/E ratio of 37.21, a P/E/G ratio of 2.41 and a beta of 1.32. Interactive Brokers Group, Inc. has a 1-year low of $49.30 and a 1-year high of $91.02.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday. They issued an “outperform” rating and a $101.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $85.22.

Interactive Brokers Group Profile

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.