Natixis Advisors LLC Sells 1,874 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Natixis Advisors LLC trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,834 shares of the financial services provider’s stock after selling 1,874 shares during the period. Natixis Advisors LLC’s holdings in Interactive Brokers Group were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Greenwich Wealth Management LLC raised its holdings in shares of Interactive Brokers Group by 0.3% during the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after acquiring an additional 8,038 shares during the period. Marshall Wace LLP increased its holdings in Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares in the last quarter. Millennium Management LLC raised its stake in shares of Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after purchasing an additional 1,004,289 shares during the period. Bronte Capital Management Pty Ltd. lifted its holdings in shares of Interactive Brokers Group by 2.9% in the third quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider’s stock valued at $116,174,000 after purchasing an additional 23,828 shares in the last quarter. Finally, Empower Advisory Group LLC boosted its position in shares of Interactive Brokers Group by 1.1% during the third quarter. Empower Advisory Group LLC now owns 685,135 shares of the financial services provider’s stock worth $95,480,000 after buying an additional 7,393 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on IBKR. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Barclays lowered their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Stock Down 0.0 %

IBKR opened at $191.62 on Monday. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $193.21. The business has a 50 day moving average of $154.06 and a 200-day moving average of $133.60. The stock has a market cap of $80.96 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly 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). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company posted $1.55 EPS. As a group, analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

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