15,621 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,621 shares of the financial services provider’s stock, valued at approximately $1,915,000.

Other hedge funds have also bought and sold shares of the company. Tortoise Investment Management LLC boosted its stake in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new stake in Interactive Brokers Group in the second quarter worth about $32,000. Rise Advisors LLC bought a new stake in Interactive Brokers Group in the first quarter worth about $30,000. Principal Securities Inc. purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $40,000. Finally, Kapitalo Investimentos Ltda grew its stake in shares of Interactive Brokers Group by 278.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after buying an additional 353 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 2.5 %

Shares of Interactive Brokers Group stock opened at $131.81 on Wednesday. The stock’s fifty day moving average price is $121.59 and its 200-day moving average price is $118.98. The firm has a market cap of $55.50 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.10 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $133.16.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted $1.32 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Analysts forecast that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Friday, August 30th. Interactive Brokers Group’s payout ratio is 17.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group raised their price target on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Jefferies Financial Group lifted their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Barclays boosted their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $133.44.

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.