Militia Capital Management LLC Invests $6.10 Million in Interactive Brokers Group, Inc. $IBKR

Militia Capital Management LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) in the 1st quarter, Holdings Channel reports. The fund bought 91,000 shares of the financial services provider’s stock, valued at approximately $6,103,000. Interactive Brokers Group accounts for 1.3% of Militia Capital Management LLC’s holdings, making the stock its 11th biggest position.

A number of other large investors have also added to or reduced their stakes in the company. Reflection Asset Management purchased a new stake in Interactive Brokers Group during the 4th quarter worth $26,000. IMA Advisory Services Inc. boosted its position in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares during the last quarter. Tobam purchased a new position in Interactive Brokers Group in the 4th quarter valued at about $30,000. Entrust Financial LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at about $31,000. Finally, SHP Wealth Management acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at about $31,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBKR. Jefferies Financial Group dropped 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. Piper Sandler set a $109.00 price target on Interactive Brokers Group in a report on Wednesday. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday, May 1st. BMO Capital Markets restated 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. Finally, Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $96.89.

Get Our Latest Stock Analysis on Interactive Brokers Group

More Interactive Brokers Group News

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

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $93.50 on Thursday. The firm has a market cap of $158.61 billion, a P/E ratio of 37.40, a P/E/G ratio of 2.16 and a beta of 1.33. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $97.84. The firm has a fifty day moving average of $89.93 and a two-hundred day moving average of $79.18.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.49%. The company’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.55 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared 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. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

Insiders Place Their Bets

In related 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 sale, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

About Interactive Brokers Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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