Foundations Investment Advisors LLC Makes New $403,000 Investment in Interactive Brokers Group, Inc. $IBKR

Foundations Investment Advisors LLC acquired a new position in 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 institutional investor acquired 6,259 shares of the financial services provider’s stock, valued at approximately $403,000.

Other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group in the third quarter worth about $27,000. Entrust Financial LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth about $31,000. Tucker Asset Management LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth about $32,000. Lloyd Advisory Services LLC. acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth about $33,000. Finally, Blue Trust Inc. raised its position in shares of Interactive Brokers Group by 236.0% in 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 and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $88.72 on Wednesday. The company has a 50 day simple moving average of $77.44 and a 200-day simple moving average of $72.10. The company has a market capitalization of $150.50 billion, a P/E ratio of 38.24, a P/E/G ratio of 2.45 and a beta of 1.32. Interactive Brokers Group, Inc. has a 1 year low of $49.15 and a 1 year high of $91.02.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 EPS. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.0875 per share. The ex-dividend date is Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s payout ratio is 15.09%.

Analysts Set New Price Targets

A number of research analysts have weighed in on IBKR shares. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods initiated coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research report on Friday, May 1st. Piper Sandler upped their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Barclays upped their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.25.

Insider Activity

In related 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 completion of the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by corporate insiders.

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.