Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 39.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,302 shares of the financial services provider's stock after selling 10,019 shares during the period. BNP Paribas Financial Markets' holdings in Interactive Brokers Group were worth $2,132,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC boosted its holdings in shares of 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 during the last quarter. Fairfield Financial Advisors LTD acquired a new position in Interactive Brokers Group in the second quarter valued at $32,000. UMB Bank n.a. grew its position in 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 valued at $40,000 after acquiring an additional 224 shares during the period. Smithfield Trust Co grew its position in Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 154 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Interactive Brokers Group during the third quarter worth about $49,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded up $0.06 during midday trading on Friday, hitting $186.96. 964,798 shares of the stock were exchanged, compared to its average volume of 1,118,056. Interactive Brokers Group, Inc. has a 1 year low of $78.93 and a 1 year high of $193.42. The firm has a market cap of $78.99 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.46 and a beta of 0.85. The company has a 50 day moving average price of $165.11 and a two-hundred day moving average price of $138.10.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. As a group, analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group's payout ratio is 15.27%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IBKR. UBS Group boosted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Barclays reduced their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Jefferies Financial Group increased 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. Piper Sandler restated an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group upped their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $160.00.

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.