Prudential Financial Inc. increased its position in Interactive Brokers Group (NASDAQ:IBKR) by 301.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,794 shares of the financial services provider’s stock after buying an additional 130,480 shares during the period. Prudential Financial Inc.’s holdings in Interactive Brokers Group were worth $11,686,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $118,000. FNY Partners Fund LP purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $177,000. LS Investment Advisors LLC lifted its position in shares of Interactive Brokers Group by 34.3% in the fourth quarter. LS Investment Advisors LLC now owns 3,300 shares of the financial services provider’s stock worth $195,000 after buying an additional 843 shares in the last quarter. Creative Planning purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $206,000. Finally, Advisor Partners LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $206,000. Institutional investors own 15.09% of the company’s stock.
Shares of IBKR stock opened at $77.78 on Friday. Interactive Brokers Group has a 1 year low of $34.51 and a 1 year high of $80.32. The company has a market cap of $32.26 billion, a price-to-earnings ratio of 43.29, a P/E/G ratio of 1.81 and a beta of 0.97.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 17th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. Interactive Brokers Group had a return on equity of 2.04% and a net margin of 4.58%. The business had revenue of $527.00 million for the quarter, compared to the consensus estimate of $502.56 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up 40.9% compared to the same quarter last year. equities research analysts predict that Interactive Brokers Group will post 2.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Friday, June 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 26.14%.
A number of equities research analysts recently commented on the company. ValuEngine upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. TheStreet upgraded Interactive Brokers Group from a “c+” rating to a “b” rating in a research report on Tuesday, April 17th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $83.00 target price on the stock in a research report on Friday, April 20th. Sandler O’Neill reiterated a “buy” rating and issued a $82.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, April 18th. Finally, Wells Fargo & Co reiterated an “underperform” rating and issued a $60.00 target price (up from $52.00) on shares of Interactive Brokers Group in a research report on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. Interactive Brokers Group has a consensus rating of “Buy” and a consensus price target of $66.71.
Interactive Brokers Group Profile
Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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.