Investors Buy Large Volume of Call Options on Interactive Brokers Group (NASDAQ:IBKR)

Interactive Brokers Group, Inc. (NASDAQ:IBKR) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 8,122 call options on the company. This is an increase of approximately 72% compared to the typical volume of 4,713 call options.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays boosted their target price on Interactive Brokers Group from $47.00 to $48.25 and gave the company an “overweight” rating in a research report on Wednesday, April 16th. Bank of America cut their price objective on Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Piper Sandler reduced their price target on shares of Interactive Brokers Group from $52.50 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $53.38.

Hedge Funds Weigh In On Interactive Brokers Group

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Interactive Brokers Group by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock worth $1,714,108,000 after acquiring an additional 280,004 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider’s stock valued at $413,226,000 after purchasing an additional 1,117,186 shares during the last quarter. Geode Capital Management LLC grew its stake in Interactive Brokers Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider’s stock worth $399,205,000 after buying an additional 193,497 shares during the last quarter. Wellington Management Group LLP lifted its stake in Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock valued at $263,950,000 after buying an additional 1,476,135 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Interactive Brokers Group by 1,476.3% during the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after acquiring an additional 1,343,007 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $57.97 on Friday. Interactive Brokers Group has a 1 year low of $25.92 and a 1 year high of $59.13. The stock has a market capitalization of $98.00 billion, a PE ratio of 31.38, a PEG ratio of 3.15 and a beta of 1.25. The stock has a 50-day simple moving average of $50.57 and a 200-day simple moving average of $48.26.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Analysts predict that Interactive Brokers Group will post 7.46 EPS for the current year.

Interactive Brokers Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. Interactive Brokers Group’s payout ratio is currently 17.30%.

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.