Handelsbanken Fonder AB Acquires 6,756 Shares of Interactive Brokers Group, Inc. $IBKR

Handelsbanken Fonder AB grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.7% in the second quarter, Holdings Channel reports. The firm owned 124,883 shares of the financial services provider’s stock after acquiring an additional 6,756 shares during the period. Handelsbanken Fonder AB’s holdings in Interactive Brokers Group were worth $10,870,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IBKR. Financial Management Professionals Inc. boosted its position in Interactive Brokers Group by 3,043.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 723 shares of the financial services provider’s stock valued at $63,000 after buying an additional 700 shares during the period. Sapient Capital LLC purchased a new position in shares of Interactive Brokers Group during the second quarter worth approximately $214,000. Everhart Financial Group Inc. raised its stake in shares of Interactive Brokers Group by 55.9% during the second quarter. Everhart Financial Group Inc. now owns 4,976 shares of the financial services provider’s stock valued at $433,000 after acquiring an additional 1,785 shares in the last quarter. Cooper Financial Group purchased a new stake in shares of Interactive Brokers Group in the second quarter valued at approximately $212,000. Finally, Czech National Bank boosted its holdings in shares of Interactive Brokers Group by 4.5% in the second quarter. Czech National Bank now owns 126,802 shares of the financial services provider’s stock valued at $11,037,000 after purchasing an additional 5,509 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on IBKR shares. Barclays set a $114.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. China Renaissance started coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating on the stock. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research note on Friday, May 1st. Finally, Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $96.89.

Interactive Brokers Group Stock Down 0.3%

Shares of IBKR stock opened at $91.42 on Friday. The firm has a market cap of $155.08 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.69 and a beta of 1.34. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $97.84. The company’s 50 day moving average is $91.39 and its 200 day moving average is $81.12.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.Interactive Brokers Group’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. Analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is 14.00%.

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.