Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 122.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,405 shares of the financial services provider’s stock after acquiring an additional 62,388 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Interactive Brokers Group were worth $13,903,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC boosted its position in shares of Interactive Brokers Group by 172.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after purchasing an additional 7,884 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of 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. GSA Capital Partners LLP acquired a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $796,000. Janus Henderson Group PLC boosted its position in shares of Interactive Brokers Group by 9.9% in the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after purchasing an additional 9,858 shares during the period. Finally, Norden Group LLC boosted its position in shares of Interactive Brokers Group by 1,272.1% in the 1st quarter. Norden Group LLC now owns 104,400 shares of the financial services provider’s stock valued at $11,662,000 after purchasing an additional 96,791 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Barclays increased their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Jefferies Financial Group increased their price objective 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. Finally, UBS Group increased their price objective on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.44.

Interactive Brokers Group Trading Up 1.4 %

Shares of IBKR stock opened at $124.22 on Tuesday. The company has a market cap of $52.31 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.80. The stock has a 50 day simple moving average of $121.61 and a 200-day simple moving average of $118.37. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 EPS. On average, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, August 30th. 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.