Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 88.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,511 shares of the financial services provider’s stock after buying an additional 15,278 shares during the period. Intech Investment Management LLC’s holdings in Interactive Brokers Group were worth $4,531,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. O Shaughnessy Asset Management LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter worth approximately $356,000. Bessemer Group Inc. raised its holdings in shares of Interactive Brokers Group by 389.9% in the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 503 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Interactive Brokers Group by 1.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 60,368 shares of the financial services provider’s stock worth $6,743,000 after purchasing an additional 660 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Interactive Brokers Group by 607.8% during the first quarter. Advisors Asset Management Inc. now owns 1,720 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 1,477 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Interactive Brokers Group in the first quarter valued at $198,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 0.0 %

IBKR stock opened at $191.62 on Friday. The company has a market capitalization of $80.96 billion, a P/E ratio of 29.25, a PEG ratio of 1.45 and a beta of 0.79. The business has a 50 day simple moving average of $154.06 and a 200-day simple moving average of $133.41. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $193.21.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business 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 4.83% and a net margin of 7.89%. During the same quarter in the prior year, the company earned $1.55 EPS. Research analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal 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. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Barclays reduced 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 research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

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.