151,906 Shares in Interactive Brokers Group, Inc. $IBKR Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 151,906 shares of the financial services provider’s stock, valued at approximately $10,188,000.

Other hedge funds have also recently bought and sold shares of the company. Covenant Asset Management LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $3,028,000. Crocodile Capital Partners GmbH bought a new stake in Interactive Brokers Group in the 4th quarter valued at $12,041,000. OFI Invest Asset Management acquired a new position in Interactive Brokers Group in the 4th quarter valued at $22,356,000. Leonteq Securities AG bought a new position in Interactive Brokers Group during the 4th quarter worth $1,746,000. Finally, Successful Portfolios LLC bought a new position in Interactive Brokers Group during the 4th quarter worth $1,431,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $90.53 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 $153.57 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.11 and a beta of 1.33. The stock has a fifty day moving average of $89.43 and a 200-day moving average of $78.48.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 EPS. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 2.55 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were paid a $0.0875 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. Interactive Brokers Group’s payout ratio is currently 15.09%.

Insider Activity

In related news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Barclays lifted their price objective on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Bank of America boosted their price objective on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday. Piper Sandler set a $105.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wolfe Research initiated coverage on Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $93.89.

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.