Midwest Professional Planners LTD. Buys 15,440 Shares of Interactive Brokers Group, Inc. $IBKR

Midwest Professional Planners LTD. grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 354.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,798 shares of the financial services provider’s stock after purchasing an additional 15,440 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Interactive Brokers Group were worth $1,328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBKR. Covenant Asset Management LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $3,028,000. Crocodile Capital Partners GmbH bought a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $12,041,000. OFI Invest Asset Management bought a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $22,356,000. Leonteq Securities AG purchased a new position in Interactive Brokers Group during the 4th quarter valued at about $1,746,000. Finally, Successful Portfolios LLC purchased a new position in Interactive Brokers Group during the 4th quarter valued at about $1,431,000. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In related 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 sale, the director owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IBKR has been the subject of several research analyst reports. Jefferies Financial Group dropped their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. China Renaissance assumed coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating for the company. Piper Sandler set a $105.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday. Finally, The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned 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 $93.89.

Key Headlines Impacting Interactive Brokers Group

Here are the key news stories impacting Interactive Brokers Group this week:

• Positive Sentiment: Bank of America raised its price target on Interactive Brokers Group from $83 to $106 and reiterated a buy rating, signaling more upside potential for the stock.
• Positive Sentiment: Several recent articles highlighted IBKR as a strong growth and momentum candidate, supported by its recent share gains and investor interest in “wonderful” stocks. Article: Interactive Brokers Group, Inc. (IBKR) Is Up 3.02% in One Week: What You Should Know
• Positive Sentiment: Seeking Alpha argued the company remains a compelling buy thanks to resilient revenue growth, rising net interest income, and record commission revenue, which reinforces the bullish earnings story. Article: Interactive Brokers: Resilient Revenue Growth And Expanding Profits Make A Compelling Buy
• Neutral Sentiment: Analyst coverage remains constructive overall, with consensus sentiment described as Moderate Buy, which supports the stock but is not a new catalyst. Article: Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Coverage also noted the company was expected to report earnings soon, but this is more of a watchpoint than a direct driver on its own. Article: Interactive Brokers Group (IBKR) Expected to Release Quarterly Earnings on Tuesday

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $97.41 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $58.18 and a 1 year high of $97.84. The firm has a 50-day moving average of $89.14 and a 200 day moving average of $78.21. The stock has a market cap of $165.24 billion, a P/E ratio of 41.99, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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 net margin of 9.65% and a return on equity of 5.19%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the company earned $1.94 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. Research analysts expect that Interactive Brokers Group, Inc. will post 2.51 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

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.