Deutsche Bank AG Buys 7,574 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Deutsche Bank AG increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,557 shares of the financial services provider’s stock after buying an additional 7,574 shares during the period. Deutsche Bank AG’s holdings in Interactive Brokers Group were worth $23,440,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in shares of Interactive Brokers Group during the first quarter worth approximately $26,000. City Holding Co. bought a new stake in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. Nvwm LLC bought a new stake in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. ASR Vermogensbeheer N.V. bought a new stake in shares of Interactive Brokers Group during the first quarter worth approximately $33,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $35,000. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IBKR has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Barclays upped their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Bank of America lowered their target price on shares of Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Piper Sandler upped their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.38.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 39,786 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $66.38, for a total value of $2,640,994.68. Following the completion of the transaction, the insider owned 360,114 shares of the company’s stock, valued at approximately $23,904,367.32. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Stock Down 6.1%

Shares of IBKR stock opened at $63.49 on Thursday. The firm has a fifty day moving average of $58.49 and a 200-day moving average of $51.46. Interactive Brokers Group, Inc. has a 12-month low of $29.41 and a 12-month high of $68.07. The company has a market capitalization of $107.33 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 2.76 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is currently 16.49%.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.