Cetera Investment Advisers Grows Position in Interactive Brokers Group, Inc. $IBKR

Cetera Investment Advisers lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 30.1% during the 1st quarter, Holdings Channel reports. The firm owned 209,311 shares of the financial services provider’s stock after acquiring an additional 48,443 shares during the period. Cetera Investment Advisers’ holdings in Interactive Brokers Group were worth $14,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Coronation Fund Managers Ltd. increased its stake in shares of Interactive Brokers Group by 7.4% in the first quarter. Coronation Fund Managers Ltd. now owns 28,844 shares of the financial services provider’s stock worth $1,935,000 after buying an additional 1,982 shares during the period. American Investment Services Inc. purchased a new stake in Interactive Brokers Group during the 1st quarter valued at $671,000. Militia Capital Management LLC purchased a new stake in Interactive Brokers Group during the 1st quarter valued at $6,103,000. NewEdge Wealth LLC grew its holdings in Interactive Brokers Group by 2.7% in the 1st quarter. NewEdge Wealth LLC now owns 119,880 shares of the financial services provider’s stock worth $8,040,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Petra Financial Advisors Inc. grew its holdings in Interactive Brokers Group by 2.4% in the 1st quarter. Petra Financial Advisors Inc. now owns 10,353 shares of the financial services provider’s stock worth $694,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 1.5%

NASDAQ:IBKR opened at $90.91 on Wednesday. The company has a 50-day moving average price of $90.37 and a 200-day moving average price of $79.77. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $97.84. The stock has a market cap of $154.22 billion, a price-to-earnings ratio of 36.36, a P/E/G ratio of 2.00 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be issued 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 14.00%.

Analyst Upgrades and Downgrades

IBKR has been the subject of several recent analyst reports. Wolfe Research started coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They set an “outperform” rating and a $101.00 price objective for the company. Keefe, Bruyette & Woods assumed coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Jefferies Financial Group lowered their price target on 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. Finally, Barclays set a $114.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.89.

Interactive Brokers Group Company 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.