Bares Capital Management Inc. Cuts Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bares Capital Management Inc. trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 55.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,116,524 shares of the financial services provider's stock after selling 1,416,141 shares during the quarter. Interactive Brokers Group accounts for approximately 14.2% of Bares Capital Management Inc.'s portfolio, making the stock its 4th biggest position. Bares Capital Management Inc. owned about 0.27% of Interactive Brokers Group worth $155,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC increased its position in Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock worth $31,000 after buying an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in shares of Interactive Brokers Group during the second quarter worth about $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 last quarter. Smithfield Trust Co increased 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 last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group in the third quarter valued at about $49,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Barclays boosted their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a research note on Monday. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Piper Sandler reissued an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group increased 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 report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $166.13.

Interactive Brokers Group Stock Down 2.3 %

IBKR traded down $4.17 during midday trading on Tuesday, reaching $176.00. 1,554,310 shares of the company's stock were exchanged, compared to its average volume of 1,022,190. Interactive Brokers Group, Inc. has a one year low of $78.93 and a one year high of $193.42. The business has a 50-day simple moving average of $165.92 and a two-hundred day simple moving average of $138.67. The firm has a market capitalization of $74.36 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $1.55 EPS. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 15.27%.

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.