Versor Investments LP Invests $474,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Versor Investments LP acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,404 shares of the financial services provider's stock, valued at approximately $474,000.

Several other large investors have also recently made changes to their positions in the stock. Tortoise Investment Management LLC grew its position in 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 acquiring an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Interactive Brokers Group in the second quarter worth $32,000. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 224 shares during the period. DT Investment Partners LLC raised its stake in shares of Interactive Brokers Group by 60.1% in the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 146 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Interactive Brokers Group by 389.9% in the first quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 503 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 0.8 %

Shares of IBKR traded up $1.35 on Friday, hitting $179.25. 771,722 shares of the stock traded hands, compared to its average volume of 1,005,359. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $181.21. The stock's 50 day moving average is $146.54 and its two-hundred day moving average is $130.57. The firm has a market capitalization of $75.48 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.40 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate 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 net margin of 7.89% and a return on equity of 4.83%. During the same quarter last year, the firm earned $1.55 EPS. Research analysts forecast 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group's payout ratio is currently 15.27%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price target 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 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 research report on Wednesday, October 16th. Piper Sandler reissued an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, UBS Group lifted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report 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.com, Interactive Brokers Group has an average rating of "Moderate Buy" and a consensus price target 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.