Impact Partnership Wealth LLC Acquires Shares of 4,635 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Impact Partnership Wealth LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,635 shares of the financial services provider’s stock, valued at approximately $568,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Interactive Brokers Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock valued at $803,306,000 after buying an additional 123,226 shares during the last quarter. Bares Capital Management Inc. grew its position in shares of Interactive Brokers Group by 10.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after buying an additional 264,543 shares during the period. Norges Bank bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $97,476,000. Wells Fargo & Company MN raised its position in shares of Interactive Brokers Group by 1.4% in the 4th quarter. Wells Fargo & Company MN now owns 968,669 shares of the financial services provider’s stock valued at $80,303,000 after acquiring an additional 13,145 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after acquiring an additional 524,503 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on IBKR shares. Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Barclays upped their price target on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, UBS Group upped their target price on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.33.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded down $0.60 during mid-day trading on Thursday, reaching $124.92. The company’s stock had a trading volume of 81,027 shares, compared to its average volume of 1,009,428. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $129.19. The business’s 50 day simple moving average is $121.60 and its 200 day simple moving average is $117.87. The company has a market capitalization of $52.60 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.15 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. Interactive Brokers Group’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.81 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.