Interactive Brokers Group, Inc. $IBKR Stake Raised by Progeny 3 Inc.

Progeny 3 Inc. lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.1% during the first quarter, HoldingsChannel.com reports. The firm owned 2,195,640 shares of the financial services provider’s stock after purchasing an additional 65,880 shares during the period. Interactive Brokers Group accounts for about 8.0% of Progeny 3 Inc.’s portfolio, making the stock its 2nd largest position. Progeny 3 Inc.’s holdings in Interactive Brokers Group were worth $147,262,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Reflection Asset Management purchased a new stake in Interactive Brokers Group during the fourth quarter worth about $26,000. IMA Advisory Services Inc. grew its position in Interactive Brokers Group by 64.3% during the fourth 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 purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $30,000. Entrust Financial LLC purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $31,000. Finally, SHP Wealth Management acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $91.74 on Monday. Interactive Brokers Group, Inc. has a 12-month low of $58.95 and a 12-month high of $97.84. The stock has a market cap of $155.62 billion, a P/E ratio of 36.70, a PEG ratio of 2.02 and a beta of 1.33. The company has a 50-day moving average of $90.09 and a two-hundred day moving average of $79.49.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 2.64 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 14.00%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday. Wolfe Research initiated coverage on Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price on the stock. Finally, Jefferies Financial Group decreased their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.89.

About Interactive Brokers Group

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.