Raymond James & Associates Boosts Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Raymond James & Associates lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 430,795 shares of the financial services provider's stock after acquiring an additional 16,247 shares during the period. Raymond James & Associates owned 0.10% of Interactive Brokers Group worth $52,815,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IBKR. Rise Advisors LLC purchased a new stake in shares of Interactive Brokers Group in the 1st quarter worth approximately $30,000. Principal Securities Inc. purchased a new stake in shares of Interactive Brokers Group in the 4th quarter worth approximately $40,000. Kapitalo Investimentos Ltda grew its stake in shares of Interactive Brokers Group by 278.0% in the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider's stock worth $40,000 after buying an additional 353 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Interactive Brokers Group by 213.6% in the 1st quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider's stock worth $54,000 after buying an additional 329 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Interactive Brokers Group by 389.9% in the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider's stock worth $70,000 after buying an additional 503 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Analyst Ratings Changes

IBKR has been the topic of several recent research reports. Barclays upped their price target on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an "outperform" rating to a "market perform" rating and increased their target price for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group increased their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 9th. Finally, Jefferies Financial Group increased their target price on Interactive Brokers Group from $138.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.33.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded up $1.09 during midday trading on Monday, hitting $121.95. 566,497 shares of the stock traded hands, compared to its average volume of 1,033,912. The firm has a 50-day moving average of $120.60 and a two-hundred day moving average of $115.48. The firm has a market capitalization of $51.35 billion, a P/E ratio of 20.76, a PEG ratio of 1.07 and a beta of 0.81. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results 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. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the firm earned $1.32 EPS. The company's revenue was up 21.2% compared to the same quarter last year. Equities analysts forecast that Interactive Brokers Group, Inc. will post 6.76 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. Interactive Brokers Group's dividend payout ratio is currently 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.