4,635 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,635 shares of the financial services provider's stock, valued at approximately $568,000.

A number of other institutional investors have also recently made changes to their positions in IBKR. Norges Bank purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at $97,476,000. Goldman Sachs Group Inc. raised its stake in shares of Interactive Brokers Group by 122.9% in the fourth 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 during the last quarter. Bares Capital Management Inc. raised its stake in shares of Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock worth $313,920,000 after purchasing an additional 264,543 shares during the last quarter. Woodson Capital Management LP acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $16,000,000. Finally, Scout Investments Inc. purchased a new stake in Interactive Brokers Group in the first quarter valued at approximately $18,335,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on IBKR. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Barclays boosted their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an "overweight" rating in a research report on Wednesday, July 17th. UBS Group increased their price target on Interactive Brokers Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, July 9th. Finally, Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $138.00 to $150.00 and gave the company a "buy" rating in a report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $132.33.

Interactive Brokers Group Price Performance

NASDAQ IBKR traded up $0.54 during trading hours on Thursday, reaching $126.06. The company's stock had a trading volume of 630,979 shares, compared to its average volume of 1,012,644. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $129.19. The company's 50-day moving average is $121.67 and its two-hundred day moving average is $117.93. The firm has a market capitalization of $53.08 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 1.15 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced 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. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The business's revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 EPS. Equities analysts forecast that Interactive Brokers Group, Inc. will post 6.81 EPS 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. Stockholders of record on Friday, August 30th will be paid 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 dividend yield of 0.79%. 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.