SG Trading Solutions LLC Makes New $718,000 Investment in Interactive Brokers Group, Inc. $IBKR

SG Trading Solutions LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, Holdings Channel reports. The fund bought 11,166 shares of the financial services provider’s stock, valued at approximately $718,000.

Other institutional investors also recently modified their holdings of the company. HM Payson & Co. raised its stake in Interactive Brokers Group by 5.8% in the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 133 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of 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 purchasing an additional 143 shares in the last quarter. Caitlin John LLC grew its position in shares of 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 purchasing an additional 153 shares in the last quarter. S&CO Inc. increased its holdings in shares of Interactive Brokers Group by 0.3% during the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after purchasing an additional 160 shares during the period. Finally, Thrive Wealth Management LLC increased its holdings in shares of Interactive Brokers Group by 1.8% during the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 162 shares during the period. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction that occurred on 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. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $96.00 on Friday. The firm’s fifty day moving average price is $83.31 and its two-hundred day moving average price is $74.38. The stock has a market cap of $162.85 billion, a PE ratio of 41.38, a PEG ratio of 2.63 and a beta of 1.32. Interactive Brokers Group, Inc. has a fifty-two week low of $49.30 and a fifty-two week high of $97.81.

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 for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the company posted $1.94 EPS. Interactive Brokers Group’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target for the company. Jefferies Financial Group lowered their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. BMO Capital Markets lifted their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Barclays upped their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Wolfe Research started coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.22.

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.