Goldman Sachs Group Inc. Buys 886,372 Shares of Interactive Brokers Group, Inc. $IBKR

Goldman Sachs Group Inc. grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 54.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,518,858 shares of the financial services provider’s stock after purchasing an additional 886,372 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Interactive Brokers Group were worth $161,988,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Interactive Brokers Group in the 3rd quarter valued at about $27,000. Entrust Financial LLC bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $31,000. Tucker Asset Management LLC bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $32,000. Lloyd Advisory Services LLC. bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $33,000. Finally, Blue Trust Inc. grew its holdings in shares of Interactive Brokers Group by 236.0% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 472 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $84.40 on Monday. Interactive Brokers Group, Inc. has a 52-week low of $49.15 and a 52-week high of $91.02. The company has a market capitalization of $143.17 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 2.33 and a beta of 1.32. The company has a 50-day simple moving average of $79.02 and a 200 day simple moving average of $72.65.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the business posted $1.94 EPS. Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

Analysts Set New Price Targets

IBKR has been the subject of several analyst reports. Piper Sandler raised their price objective on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a report on Friday, May 1st. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. Jefferies Financial Group decreased their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Barclays raised their target price on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.25.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by company insiders.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.