Cozad Asset Management Inc. Boosts Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cozad Asset Management Inc. lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 58.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,415 shares of the financial services provider's stock after purchasing an additional 19,037 shares during the quarter. Cozad Asset Management Inc.'s holdings in Interactive Brokers Group were worth $6,303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBKR. Tortoise Investment Management LLC increased its position in shares of Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 111 shares during the period. Oliver Luxxe Assets LLC lifted its holdings in shares of Interactive Brokers Group by 1.8% during the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider's stock worth $787,000 after purchasing an additional 126 shares during the period. QRG Capital Management Inc. boosted its position in Interactive Brokers Group by 2.8% in the second quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider's stock valued at $596,000 after buying an additional 131 shares during the last quarter. Thrive Wealth Management LLC increased its holdings in Interactive Brokers Group by 6.0% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider's stock worth $286,000 after buying an additional 132 shares during the period. Finally, CIBC Asset Management Inc raised its position in Interactive Brokers Group by 5.0% during the 2nd quarter. CIBC Asset Management Inc now owns 3,051 shares of the financial services provider's stock worth $374,000 after buying an additional 146 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

IBKR traded down $1.88 on Wednesday, reaching $125.52. 695,960 shares of the company's stock were exchanged, compared to its average volume of 1,014,442. 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 $52.85 billion, a PE ratio of 21.78, a P/E/G ratio of 1.15 and a beta of 0.81. The stock's fifty day moving average price is $121.55 and its 200-day moving average price is $117.82.

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 for the quarter, topping 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 business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the previous year, the firm posted $1.32 EPS. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. Interactive Brokers Group's payout ratio is 17.09%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Barclays upped their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group increased 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. 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.