Bamco Inc. NY lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 912,608 shares of the financial services provider's stock after acquiring an additional 127,640 shares during the quarter. Bamco Inc. NY owned 0.22% of Interactive Brokers Group worth $127,181,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Tortoise Investment Management LLC raised 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 purchasing an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group in the second quarter worth approximately $32,000. UMB Bank n.a. grew its holdings in Interactive Brokers Group by 350.0% during the 3rd 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 in the last quarter. Smithfield Trust Co increased its position in shares of Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at $49,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.
Interactive Brokers Group Stock Performance
Shares of IBKR stock traded down $5.24 on Monday, reaching $185.85. 1,120,396 shares of the company's stock traded hands, compared to its average volume of 1,011,293. Interactive Brokers Group, Inc. has a 12-month low of $77.75 and a 12-month high of $193.42. The company has a market capitalization of $78.53 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. The business's 50 day moving average price is $160.09 and its two-hundred day moving average price is $136.09.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data 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 company 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 in the prior year, the company posted $1.55 EPS. Research analysts predict 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 declared 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 0.54%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group's dividend payout ratio is currently 15.27%.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Barclays cut 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 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. Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, UBS Group raised 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 report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $148.38.
Read Our Latest Research Report on IBKR
Interactive Brokers Group Profile
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Free Report)
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.
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