Quadrature Capital Ltd Buys Shares of 10,640 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Quadrature Capital Ltd purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,640 shares of the financial services provider's stock, valued at approximately $1,483,000.

A number of other hedge funds also recently bought and sold shares of IBKR. Tortoise Investment Management LLC lifted its stake in shares of Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in Interactive Brokers Group in the second quarter worth $32,000. UMB Bank n.a. boosted its stake in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock worth $40,000 after buying an additional 224 shares during the period. Smithfield Trust Co boosted its stake in Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider's stock worth $48,000 after buying an additional 154 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in Interactive Brokers Group during the third quarter valued at $49,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR stock traded up $0.06 during mid-day trading on Friday, hitting $186.96. The stock had a trading volume of 964,798 shares, compared to its average volume of 1,118,056. Interactive Brokers Group, Inc. has a 12-month low of $78.93 and a 12-month high of $193.42. The firm's 50-day moving average is $165.11 and its two-hundred day moving average is $138.10. The firm has a market capitalization of $78.99 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 period last year, the company earned $1.55 earnings per share. Analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's payout ratio is 15.27%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IBKR shares. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday. Piper Sandler restated an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays reduced their price target on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group boosted 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. Finally, UBS Group increased 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average price target of $160.00.

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.