Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 33.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 27,546 shares of the financial services provider's stock after purchasing an additional 6,950 shares during the period. Bridgewater Associates LP's holdings in Interactive Brokers Group were worth $3,839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in shares of Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock worth $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at approximately $83,630,000. Marshall Wace LLP increased its holdings in Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock valued at $307,365,000 after purchasing an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock valued at $36,004,000 after purchasing an additional 187,010 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on IBKR. Barclays dropped their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Jefferies Financial Group boosted their price target 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. UBS Group boosted 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. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $143.00.

Interactive Brokers Group Stock Up 0.0 %

IBKR traded up $0.03 on Friday, reaching $191.09. The company had a trading volume of 576,680 shares, compared to its average volume of 1,093,527. Interactive Brokers Group, Inc. has a 1 year low of $76.89 and a 1 year high of $193.42. The stock has a market capitalization of $80.74 billion, a PE ratio of 29.17, a P/E/G ratio of 1.50 and a beta of 0.79. The stock has a 50-day moving average price of $160.09 and a 200-day moving average price of $136.00.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted 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). 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 during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. As a group, analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal 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 paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. Interactive Brokers Group's dividend payout ratio (DPR) is 15.27%.

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.