Bleakley Financial Group LLC Purchases Shares of 10,923 Interactive Brokers Group, Inc. $IBKR

Bleakley Financial Group LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,923 shares of the financial services provider’s stock, valued at approximately $733,000.

Several other institutional investors have also recently modified their holdings of the company. Reflection Asset Management acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $26,000. IMA Advisory Services Inc. increased its holdings in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares during the period. Tobam acquired a new position in Interactive Brokers Group in the 4th quarter worth approximately $30,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group during the 4th quarter worth approximately $31,000. Finally, SHP Wealth Management purchased a new position in Interactive Brokers Group during the 4th quarter worth approximately $31,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on IBKR shares. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a report on Friday, May 1st. Piper Sandler set a $105.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price for the company. Jefferies Financial Group decreased their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Finally, Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Two investment analysts have 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, the company has an average rating of “Moderate Buy” and an average target price of $93.89.

Insider Activity

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Down 1.8%

Shares of IBKR stock opened at $90.53 on Friday. The stock has a 50 day moving average of $89.43 and a 200 day moving average of $78.48. The stock has a market cap of $153.57 billion, a P/E ratio of 39.02, a P/E/G ratio of 2.07 and a beta of 1.33. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the firm posted $1.94 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, research analysts predict that Interactive Brokers Group, Inc. will post 2.55 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were paid a $0.0875 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.35 annualized dividend and a dividend 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 presently 15.09%.

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.