Bank of Montreal Can Sells 5,067 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bank of Montreal Can cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,039 shares of the financial services provider's stock after selling 5,067 shares during the quarter. Bank of Montreal Can's holdings in Interactive Brokers Group were worth $4,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its position in shares of Interactive Brokers Group by 76.6% in the second 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 shares of Interactive Brokers Group during the second quarter worth approximately $32,000. UMB Bank n.a. raised its stake 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 in the last quarter. Smithfield Trust Co raised its stake in shares of 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 acquiring an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Interactive Brokers Group during the third quarter worth approximately $49,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 0.5 %

Shares of IBKR stock traded down $0.92 during mid-day trading on Wednesday, reaching $185.97. 1,328,227 shares of the company's stock traded hands, compared to its average volume of 1,016,810. Interactive Brokers Group, Inc. has a 12 month low of $78.14 and a 12 month high of $193.42. The company has a market cap of $78.58 billion, a P/E ratio of 28.53, a P/E/G ratio of 1.45 and a beta of 0.85. The company's 50-day moving average price is $162.12 and its 200-day moving average price is $136.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its 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). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the firm posted $1.55 EPS. Equities analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.54%. Interactive Brokers Group's payout ratio is 15.27%.

Wall Street Analyst Weigh In

Several research firms have commented on IBKR. UBS Group lifted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Barclays decreased their target price 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. Jefferies Financial Group lifted their target price 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. Piper Sandler reaffirmed an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group lifted their target price 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.