NEOS Investment Management LLC Has $6.33 Million Stake in Interactive Brokers Group, Inc. $IBKR

NEOS Investment Management LLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,737 shares of the financial services provider’s stock after purchasing an additional 9,513 shares during the quarter. NEOS Investment Management LLC’s holdings in Interactive Brokers Group were worth $6,331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBKR. Reflection Asset Management acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $26,000. IMA Advisory Services Inc. grew its holdings in Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 178 shares during the last quarter. Tobam bought a new stake in Interactive Brokers Group during the 4th quarter worth about $30,000. Entrust Financial LLC acquired a new stake in Interactive Brokers Group in the 4th quarter valued at about $31,000. Finally, SHP Wealth Management acquired a new stake in Interactive Brokers Group in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 0.4%

Interactive Brokers Group stock opened at $92.62 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $98.75. The company has a market cap of $157.58 billion, a PE ratio of 37.05, a PEG ratio of 1.71 and a beta of 1.35. The company’s 50-day moving average is $92.03 and its two-hundred day moving average is $83.14.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. Interactive Brokers Group’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. Research analysts forecast that Interactive Brokers Group, Inc. will post 2.68 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBKR. Weiss Ratings upgraded shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Wolfe Research started coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday. China Renaissance assumed coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They set a “hold” rating on the stock. Finally, Barclays set a $114.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.90.

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.