Cozad Asset Management Inc. Grows Position in Interactive Brokers Group, Inc. $IBKR

Cozad Asset Management Inc. increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 212,091 shares of the financial services provider’s stock after acquiring an additional 8,036 shares during the quarter. Interactive Brokers Group comprises about 1.1% of Cozad Asset Management Inc.’s portfolio, making the stock its 22nd largest holding. Cozad Asset Management Inc.’s holdings in Interactive Brokers Group were worth $14,225,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Interactive Brokers Group in the 4th quarter valued at $453,146,000. Orbis Allan Gray Ltd lifted its stake in Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after purchasing an additional 6,246,715 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Interactive Brokers Group by 225.4% during the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after purchasing an additional 5,260,923 shares during the last quarter. State Street Corp boosted its holdings in shares of Interactive Brokers Group by 23.2% during the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after purchasing an additional 3,517,729 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Interactive Brokers Group by 44.1% during the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after purchasing an additional 2,534,772 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 2.8%

Shares of NASDAQ:IBKR opened at $87.99 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $97.84. The stock has a market capitalization of $149.26 billion, a P/E ratio of 35.20, a PEG ratio of 1.62 and a beta of 1.33. The firm has a fifty day simple moving average of $90.68 and a two-hundred day simple moving average of $80.08.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.88 billion for 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 5.37%. The business’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. On average, analysts expect that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IBKR shares. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. BMO Capital Markets reissued an “outperform” rating and set a $110.00 price target (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Barclays set a $114.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a report on Friday, May 1st. 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 company’s stock. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $96.89.

Interactive Brokers Group 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.