Dimensional Fund Advisors LP Purchases 27,621 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Dimensional Fund Advisors LP lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 301,688 shares of the financial services provider’s stock after purchasing an additional 27,621 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Interactive Brokers Group worth $36,988,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. UBS Group AG boosted its position in shares of Interactive Brokers Group by 184.8% in the fourth quarter. UBS Group AG now owns 73,475 shares of the financial services provider’s stock worth $6,091,000 after purchasing an additional 47,674 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of Interactive Brokers Group by 3.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,395 shares of the financial services provider’s stock worth $4,012,000 after acquiring an additional 1,406 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at approximately $494,000. KBC Group NV boosted its position in shares of Interactive Brokers Group by 61.8% during the 4th quarter. KBC Group NV now owns 102,400 shares of the financial services provider’s stock valued at $8,489,000 after acquiring an additional 39,110 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in shares of Interactive Brokers Group in the fourth quarter valued at $428,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on IBKR. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Barclays increased their price target on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. UBS Group boosted their price objective on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, Jefferies Financial Group raised their price objective on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.44.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $138.27 on Wednesday. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $139.98. The company has a market cap of $58.22 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.21 and a beta of 0.80. The business’s 50 day moving average price is $124.35 and its 200-day moving average price is $121.00.

Interactive Brokers Group (NASDAQ:IBKR) last released 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 return on equity of 4.88% and a net margin of 7.88%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.72%. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

Interactive Brokers Group Company Profile

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.