Daiwa Securities Group Inc. Has $126,000 Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Daiwa Securities Group Inc. decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 905 shares of the financial services provider’s stock after selling 385 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Interactive Brokers Group were worth $126,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in IBKR. Price T Rowe Associates Inc. MD grew its position in Interactive Brokers Group by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 53,280 shares of the financial services provider’s stock worth $5,952,000 after acquiring an additional 3,326 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Interactive Brokers Group by 141.7% in the first quarter. Cetera Investment Advisers now owns 42,048 shares of the financial services provider’s stock worth $4,697,000 after purchasing an additional 24,648 shares in the last quarter. Cetera Advisors LLC bought a new stake in Interactive Brokers Group in the first quarter worth $523,000. GAMMA Investing LLC increased its position in Interactive Brokers Group by 84.9% during the second quarter. GAMMA Investing LLC now owns 893 shares of the financial services provider’s stock worth $109,000 after buying an additional 410 shares during the last quarter. Finally, Fulton Bank N.A. raised its holdings in Interactive Brokers Group by 41.0% during the second quarter. Fulton Bank N.A. now owns 2,934 shares of the financial services provider’s stock valued at $360,000 after buying an additional 853 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Piper Sandler reissued an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Barclays decreased their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.38.

Interactive Brokers Group Stock Down 0.1 %

Shares of IBKR opened at $191.09 on Monday. The stock’s 50-day moving average price is $160.09 and its 200 day moving average price is $136.00. The firm has a market capitalization of $80.74 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a 12-month low of $76.89 and a 12-month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $1.55 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

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.