Zurcher Kantonalbank Zurich Cantonalbank Purchases 4,889 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 27.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,013 shares of the financial services provider's stock after buying an additional 4,889 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Interactive Brokers Group were worth $2,821,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new position in Interactive Brokers Group in the 1st quarter worth $30,000. Principal Securities Inc. acquired a new position in Interactive Brokers Group in the 4th quarter worth $40,000. Kapitalo Investimentos Ltda boosted its stake in 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 purchasing an additional 353 shares during the period. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 329 shares during the period. Finally, Bessemer Group Inc. boosted its stake in 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 purchasing an additional 503 shares during the period. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR traded up $2.07 during mid-day trading on Friday, hitting $128.89. The stock had a trading volume of 703,516 shares, compared to its average volume of 854,206. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $129.19. The stock has a market cap of $54.27 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.15 and a beta of 0.81. The company's 50 day simple moving average is $121.29 and its 200 day simple moving average is $117.48.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business posted $1.32 earnings per share. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group's payout ratio is 17.09%.

Analyst Ratings Changes

IBKR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered shares of 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 note on Thursday, July 11th. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 8th. UBS Group increased their price objective on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. Finally, Barclays increased their price objective on shares of 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $132.33.

Interactive Brokers Group Profile

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.