Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 15.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,568 shares of the financial services provider’s stock after selling 472 shares during the period. Private Advisor Group LLC’s holdings in Interactive Brokers Group were worth $358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its position in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group in the 2nd quarter worth approximately $32,000. UMB Bank n.a. lifted its stake in Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. Mendota Financial Group LLC purchased a new position in Interactive Brokers Group in the 3rd quarter worth approximately $81,000. Finally, Bessemer Group Inc. raised its position in shares of Interactive Brokers Group by 389.9% during the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock valued at $70,000 after buying an additional 503 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBKR has been the topic of several analyst reports. UBS Group lifted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler reissued an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Barclays dropped their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group boosted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Trading Up 0.6 %

Shares of IBKR stock opened at $154.91 on Wednesday. The firm has a fifty day moving average price of $139.31 and a 200 day moving average price of $127.55. The company has a market cap of $65.23 billion, a P/E ratio of 23.65, a PEG ratio of 1.19 and a beta of 0.79. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $156.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. During the same quarter in the previous year, the firm posted $1.55 EPS. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 6.9 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Interactive Brokers Group 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.