Bares Capital Management Inc. lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 15.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,596,671 shares of the financial services provider’s stock after selling 468,149 shares during the quarter. Interactive Brokers Group comprises approximately 7.6% of Bares Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Bares Capital Management Inc. owned 0.62% of Interactive Brokers Group worth $214,381,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the first quarter valued at approximately $26,000. Belpointe Asset Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $25,000. Banque Cantonale Vaudoise bought a new position in shares of Interactive Brokers Group in the first quarter valued at approximately $31,000. Eagle Bay Advisors LLC bought a new position in shares of Interactive Brokers Group in the second quarter valued at approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Interactive Brokers Group by 45.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 573 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 179 shares in the last quarter. Institutional investors and hedge funds own 21.56% of the company’s stock.
Interactive Brokers Group Stock Performance
Shares of NASDAQ:IBKR opened at $94.47 on Tuesday. The company has a market cap of $39.77 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 0.82 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52 week low of $62.70 and a 52 week high of $95.59. The firm has a 50 day simple moving average of $88.88 and a 200 day simple moving average of $83.11.
Interactive Brokers Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. Interactive Brokers Group’s payout ratio is 8.16%.
Analyst Ratings Changes
IBKR has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $104.00 to $106.00 in a report on Monday, June 5th. Barclays increased their price objective on shares of Interactive Brokers Group from $97.00 to $106.00 in a report on Thursday, July 13th. Finally, StockNews.com started coverage on shares of Interactive Brokers Group in a report on Thursday, August 17th. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.60.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
- Five stocks we like better than Interactive Brokers Group
- What’s a Sound Playbook for Investors During Election Years?
- An Electrifying New Upgrade for Tesla Leads the Market Higher
- How to Calculate Stock Profit
- Oil Jumps, 2 Plastic Stocks About To Become Value Plays
- Why Invest in 5G? How to Invest in 5G Stocks
- The Top 5 Analysts Calls in September
Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.