6,532 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,532 shares of the financial services provider's stock, valued at approximately $801,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBKR. Vanguard Group Inc. grew its holdings in Interactive Brokers Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider's stock valued at $803,306,000 after purchasing an additional 123,226 shares during the period. Bares Capital Management Inc. raised its position in shares of Interactive Brokers Group by 10.4% in 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 acquired a new position in Interactive Brokers Group in the fourth quarter valued at $97,476,000. Wells Fargo & Company MN grew its position in Interactive Brokers Group by 1.4% during the fourth 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. increased its position 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 purchasing an additional 524,503 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Down 1.0 %

Shares of NASDAQ:IBKR traded down $1.19 on Tuesday, reaching $120.76. 460,688 shares of the company's stock were exchanged, compared to its average volume of 1,030,330. The business's 50-day moving average is $120.48 and its two-hundred day moving average is $115.87. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $129.19. The firm has a market capitalization of $50.85 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.07 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned $1.32 EPS. The firm's revenue was up 21.2% on a year-over-year basis. Analysts predict that Interactive Brokers Group, Inc. will post 6.76 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm 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. 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 0.83%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 17.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IBKR shares. Keefe, Bruyette & Woods lowered 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. Barclays raised 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. UBS Group boosted their price objective on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 9th. Finally, Jefferies Financial Group raised 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $132.33.

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.