Cwm LLC Cuts Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cwm LLC lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,006 shares of the financial services provider’s stock after selling 116 shares during the quarter. Cwm LLC’s holdings in Interactive Brokers Group were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IBKR. Millennium Management LLC increased its stake in Interactive Brokers Group by 1,292.1% in the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after purchasing an additional 1,004,289 shares during the period. Marshall Wace LLP grew its position in Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after buying an additional 481,826 shares during the period. Bares Capital Management Inc. grew its holdings in Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after purchasing an additional 264,543 shares during the period. Scout Investments Inc. acquired a new stake in shares of Interactive Brokers Group in the first quarter valued at about $18,335,000. Finally, Retirement Systems of Alabama lifted its position in shares of Interactive Brokers Group by 98.1% in the first quarter. Retirement Systems of Alabama now owns 265,511 shares of the financial services provider’s stock valued at $29,660,000 after acquiring an additional 131,481 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IBKR shares. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Jefferies Financial Group boosted their target price 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. Barclays reduced 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 report on Wednesday, October 16th. Finally, UBS Group lifted 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, October 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $148.20 on Friday. The firm has a market capitalization of $62.40 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $154.75. The business’s 50 day simple moving average is $135.17 and its 200-day simple moving average is $125.31.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company earned $1.55 EPS. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.92 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

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.