Endure Capital Management LLC Invests $2.63 Million in Interactive Brokers Group, Inc. $IBKR

Endure Capital Management LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the first quarter, Holdings Channel.com reports. The firm acquired 39,200 shares of the financial services provider’s stock, valued at approximately $2,629,000. Interactive Brokers Group comprises 1.8% of Endure Capital Management LLC’s portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Interactive Brokers Group in the 4th quarter worth approximately $453,146,000. Orbis Allan Gray Ltd grew its position in shares of Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after purchasing an additional 6,246,715 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Interactive Brokers Group by 225.4% in the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock worth $420,834,000 after purchasing an additional 5,260,923 shares during the period. State Street Corp increased its holdings in shares of Interactive Brokers Group by 23.2% in the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock worth $1,283,221,000 after purchasing an additional 3,517,729 shares during the period. Finally, Invesco Ltd. raised its position in shares of Interactive Brokers Group by 44.1% in the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after buying an additional 2,534,772 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 $91.74 on Friday. The firm has a market capitalization of $155.62 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $97.84. The firm has a fifty day moving average of $90.09 and a 200 day moving average of $79.44.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The company’s revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.64 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is currently 14.00%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the 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 transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several recent analyst reports. China Renaissance assumed coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating for the company. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a report on Friday, May 1st. BMO Capital Markets reiterated an “outperform” rating and set a $110.00 price target (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday. Bank of America boosted their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group lowered their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $96.89.

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.