Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Algert Global LLC

Algert Global LLC trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 52.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,362 shares of the financial services provider's stock after selling 7,090 shares during the period. Algert Global LLC's holdings in Interactive Brokers Group were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

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

Interactive Brokers Group Stock Performance

Shares of IBKR traded up $0.03 during mid-day trading on Friday, reaching $191.09. 576,680 shares of the company's stock traded hands, compared to its average volume of 1,011,490. The business's 50-day moving average price is $160.09 and its 200-day moving average price is $135.90. The stock has a market capitalization of $80.74 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a 12 month low of $76.89 and a 12 month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued 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). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates 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 period last year, the business posted $1.55 earnings per share. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 15.27%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBKR. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a report on Friday, October 4th. 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. Barclays dropped their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Finally, Piper Sandler reiterated an "overweight" rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $143.00.

About Interactive Brokers Group

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.