6,301 Shares in Interactive Brokers Group, Inc. $IBKR Purchased by Havemeyer Place LP

Havemeyer Place LP purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,301 shares of the financial services provider’s stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBKR. Murphy & Mullick Capital Management Corp bought a new stake in shares of Interactive Brokers Group during the third quarter worth approximately $27,000. Entrust Financial LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $31,000. Tucker Asset Management LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $32,000. Lloyd Advisory Services LLC. bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $33,000. Finally, Blue Trust Inc. boosted its holdings in shares of Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 472 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 1.2%

Shares of IBKR stock opened at $86.33 on Wednesday. The stock has a market cap of $146.45 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 2.41 and a beta of 1.32. The stock has a 50 day simple moving average of $79.89 and a 200 day simple moving average of $72.97. Interactive Brokers Group, Inc. has a 1 year low of $49.30 and a 1 year high of $91.02.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly 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. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 earnings per share. Analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is an increase 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 is presently 15.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBKR. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective for the company. Barclays boosted their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. BMO Capital Markets boosted their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” 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. Finally, Wolfe Research began coverage on Interactive Brokers Group in a report on Monday. They set an “outperform” rating and a $101.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.22.

Insider Activity

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

About Interactive Brokers Group

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.