Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 23.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,308 shares of the financial services provider’s stock after selling 10,052 shares during the quarter. Handelsbanken Fonder AB’s holdings in Interactive Brokers Group were worth $4,642,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC raised its position in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group during the second quarter valued at approximately $32,000. Rise Advisors LLC bought a new stake in Interactive Brokers Group during the first quarter worth approximately $30,000. Kapitalo Investimentos Ltda grew its position in Interactive Brokers Group by 278.0% in the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after buying an additional 353 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Interactive Brokers Group by 213.6% in the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider’s stock valued at $54,000 after buying an additional 329 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $147.59 on Wednesday. The company has a market capitalization of $62.15 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 1.21 and a beta of 0.80. The business’s 50-day moving average is $127.09 and its 200-day moving average is $122.33. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $149.35.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. Interactive Brokers Group’s dividend payout ratio is 17.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IBKR. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. UBS Group upped their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays lifted their target price on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Piper Sandler upped their price target on shares of Interactive Brokers Group from $140.00 to $163.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.11.

Interactive Brokers Group Company Profile

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.