83,680 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Acquired by Sparta 24 Ltd.

Sparta 24 Ltd. purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 83,680 shares of the financial services provider’s stock, valued at approximately $10,259,000. Interactive Brokers Group comprises about 9.3% of Sparta 24 Ltd.’s investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $223,000. Charles Schwab Investment Management Inc. boosted its stake in Interactive Brokers Group by 16.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 840,852 shares of the financial services provider’s stock valued at $69,707,000 after purchasing an additional 116,890 shares during the period. Principal Securities Inc. acquired a new position in Interactive Brokers Group in the 4th quarter valued at $40,000. QRG Capital Management Inc. increased its position in Interactive Brokers Group by 6.8% during the 4th quarter. QRG Capital Management Inc. now owns 4,203 shares of the financial services provider’s stock worth $348,000 after buying an additional 269 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Interactive Brokers Group by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 276,180 shares of the financial services provider’s stock worth $22,896,000 after buying an additional 3,705 shares during the period. 23.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, UBS Group increased their price target on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $133.44.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $124.22 on Tuesday. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $129.19. The firm has a 50 day simple moving average of $121.61 and a two-hundred day simple moving average of $118.37. The company has a market cap of $52.31 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.09 and a beta of 0.80.

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 firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 earnings per share. On average, analysts expect that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group’s payout ratio is 17.09%.

Interactive Brokers Group 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.