Central Pacific Bank Trust Division Buys Shares of 9,755 Interactive Brokers Group, Inc. $IBKR

Central Pacific Bank Trust Division purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 9,755 shares of the financial services provider’s stock, valued at approximately $849,000.

A number of other large investors also recently modified their holdings of the business. Pacific Excel Wealth Advisors Inc. bought a new position in Interactive Brokers Group during the second quarter worth $565,000. CX Institutional raised its stake in Interactive Brokers Group by 2.2% during the 2nd quarter. CX Institutional now owns 56,042 shares of the financial services provider’s stock valued at $4,878,000 after purchasing an additional 1,182 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Interactive Brokers Group by 341.9% in the 1st quarter. Parallel Advisors LLC now owns 7,759 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 6,003 shares during the period. Cozad Asset Management Inc. boosted its holdings in Interactive Brokers Group by 3.9% in the 1st quarter. Cozad Asset Management Inc. now owns 212,091 shares of the financial services provider’s stock valued at $14,225,000 after purchasing an additional 8,036 shares during the period. Finally, Glenmede Trust Co. NA grew its position in Interactive Brokers Group by 30.0% in the 1st quarter. Glenmede Trust Co. NA now owns 6,782 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 1,567 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $88.74 on Thursday. The stock’s fifty day simple moving average is $91.08 and its 200 day simple moving average is $80.49. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $97.84. The firm has a market cap of $150.53 billion, a price-to-earnings ratio of 35.50, a P/E/G ratio of 1.63 and a beta of 1.34.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion during 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 business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be given a dividend of $0.0875 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler set a $109.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research report on Friday, May 1st. China Renaissance started coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They issued a “hold” rating for the company. Finally, Barclays set a $114.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.89.

Interactive Brokers Group Company 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.