Hanseatic Management Services Inc. Invests $837,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Hanseatic Management Services Inc. acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,828 shares of the financial services provider's stock, valued at approximately $837,000. Interactive Brokers Group makes up about 1.3% of Hanseatic Management Services Inc.'s holdings, making the stock its 23rd biggest holding.

Several other hedge funds also recently made changes to their positions in IBKR. International Assets Investment Management LLC bought a new stake in Interactive Brokers Group in the 4th quarter valued at about $7,841,000. Retirement Systems of Alabama grew its holdings in Interactive Brokers Group by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 134,030 shares of the financial services provider's stock worth $11,111,000 after buying an additional 463 shares in the last quarter. Van ECK Associates Corp raised its stake in Interactive Brokers Group by 149.0% during the 4th quarter. Van ECK Associates Corp now owns 34,629 shares of the financial services provider's stock valued at $2,871,000 after acquiring an additional 20,719 shares in the last quarter. Heritage Wealth Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth $321,000. Finally, Sapient Capital LLC acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at $496,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Up 1.6 %

Shares of Interactive Brokers Group stock traded up $2.07 during midday trading on Friday, hitting $128.89. The company's stock had a trading volume of 703,516 shares, compared to its average volume of 1,017,659. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $129.19. The stock has a 50-day simple moving average of $121.29 and a 200-day simple moving average of $117.25. The firm has a market capitalization of $54.27 billion, a P/E ratio of 22.03, a PEG ratio of 1.07 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (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 company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $1.32 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.76 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group's dividend payout ratio is 17.09%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, July 8th. UBS Group boosted their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 9th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, Barclays boosted their price objective 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. 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 MarketBeat.com, Interactive Brokers Group presently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.