Panagora Asset Management Inc. Increases Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Panagora Asset Management Inc. boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 759,968 shares of the financial services provider’s stock after acquiring an additional 72,160 shares during the quarter. Panagora Asset Management Inc.’s holdings in Interactive Brokers Group were worth $48,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HM Payson & Co. lifted its position in Interactive Brokers Group by 5.8% during the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 133 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in Interactive Brokers Group by 1.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after acquiring an additional 143 shares during the period. Caitlin John LLC lifted its position in Interactive Brokers Group by 0.6% during the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after acquiring an additional 153 shares during the period. S&CO Inc. lifted its position in Interactive Brokers Group by 0.3% during the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after acquiring an additional 160 shares during the period. Finally, Thrive Wealth Management LLC lifted its position in Interactive Brokers Group by 1.8% during the 4th quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on IBKR. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research report on Friday, May 1st. Barclays lifted their price target on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target for the company. Wolfe Research began coverage on Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 price target for the company. Finally, Jefferies Financial Group lowered their price target on 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $85.22.

Interactive Brokers Group Stock Up 2.1%

Shares of IBKR stock opened at $92.76 on Tuesday. The stock has a market cap of $157.35 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.51 and a beta of 1.32. The business has a 50-day simple moving average of $81.72 and a 200-day simple moving average of $73.74. Interactive Brokers Group, Inc. has a 52-week low of $49.30 and a 52-week high of $94.73.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 EPS. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were issued a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.

Insider Activity

In other news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

Interactive Brokers Group Company 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.