Quantinno Capital Management LP Grows Stake in Interactive Brokers Group, Inc. $IBKR

Quantinno Capital Management LP raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 72.9% in the first quarter, HoldingsChannel reports. The firm owned 190,798 shares of the financial services provider’s stock after acquiring an additional 80,419 shares during the period. Quantinno Capital Management LP’s holdings in Interactive Brokers Group were worth $12,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SummitTX Capital L.P. increased its stake in shares of Interactive Brokers Group by 992.1% during the first quarter. SummitTX Capital L.P. now owns 66,531 shares of the financial services provider’s stock valued at $4,462,000 after buying an additional 60,439 shares during the period. Progeny 3 Inc. increased its position in Interactive Brokers Group by 3.1% during the 1st quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock valued at $147,262,000 after purchasing an additional 65,880 shares during the period. Endure Capital Management LLC bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $2,629,000. OMERS ADMINISTRATION Corp lifted its position in shares of Interactive Brokers Group by 28.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 35,891 shares of the financial services provider’s stock worth $2,407,000 after purchasing an additional 7,850 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA purchased a new position in Interactive Brokers Group during the first quarter valued at approximately $295,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 0.3%

Shares of IBKR opened at $87.75 on Tuesday. The company has a market cap of $148.85 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84. The company has a 50 day moving average of $90.81 and a two-hundred day moving average of $80.26.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research note on Friday, May 1st. Piper Sandler set a $109.00 price target on Interactive Brokers Group in a research report on Wednesday, July 22nd. Jefferies Financial Group decreased their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.89.

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.