Panagora Asset Management Inc. Purchases 2,600 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Panagora Asset Management Inc. increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 118.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,800 shares of the financial services provider’s stock after purchasing an additional 2,600 shares during the quarter. Panagora Asset Management Inc.’s holdings in Interactive Brokers Group were worth $588,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of Interactive Brokers Group by 172.1% in the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after acquiring an additional 7,884 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Interactive Brokers Group by 122.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after purchasing an additional 524,503 shares during the period. TimesSquare Capital Management LLC grew its stake in Interactive Brokers Group by 6.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 808,806 shares of the financial services provider’s stock valued at $67,050,000 after purchasing an additional 50,035 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Interactive Brokers Group during the 1st quarter valued at $796,000. Finally, Janus Henderson Group PLC raised its stake in shares of Interactive Brokers Group by 9.9% during the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock worth $12,173,000 after purchasing an additional 9,858 shares during the period. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Jefferies Financial Group raised their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. UBS Group boosted their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Barclays lifted their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.33.

Interactive Brokers Group Stock Up 1.4 %

Shares of IBKR opened at $128.89 on Tuesday. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $129.19. The stock has a market cap of $54.27 billion, a PE ratio of 22.03, a P/E/G ratio of 1.15 and a beta of 0.81. The business’s 50-day moving average price is $121.45 and its 200-day moving average price is $117.65.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. Interactive Brokers Group’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 EPS. Analysts expect that Interactive Brokers Group, Inc. will post 6.81 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 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

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.