Engineers Gate Manager LP Has $9.43 Million Position in Interactive Brokers Group, Inc. $IBKR

Engineers Gate Manager LP boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 831.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,359 shares of the financial services provider’s stock after acquiring an additional 96,724 shares during the quarter. Engineers Gate Manager LP’s holdings in Interactive Brokers Group were worth $9,432,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 24.7% during the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after purchasing an additional 2,713 shares in the last quarter. Brown Advisory Inc. increased its position in Interactive Brokers Group by 307.9% during the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock worth $803,000 after buying an additional 10,943 shares during the last quarter. Cerity Partners LLC bought a new position in Interactive Brokers Group during the second quarter valued at about $318,000. Daiwa Securities Group Inc. lifted its position in shares of Interactive Brokers Group by 291.2% in the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock worth $1,973,000 after buying an additional 26,500 shares during the last quarter. Finally, AXA S.A. lifted its position in shares of Interactive Brokers Group by 128.1% in the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after buying an additional 7,197 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several recent analyst reports. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Barclays set a $114.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Raymond James Financial assumed coverage on Interactive Brokers Group in a research report on Wednesday, August 26th. They set a “market perform” rating for the company. Piper Sandler set a $109.00 price target on Interactive Brokers Group in a report on Wednesday, July 22nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.90.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $89.42 on Friday. The company’s fifty day moving average is $92.10 and its two-hundred day moving average is $83.66. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $98.75. The firm has a market capitalization of $152.14 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 1.67 and a beta of 1.35.

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 analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.68 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. 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 is currently 14.00%.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.