Cantillon Capital Management LLC Has $470.71 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cantillon Capital Management LLC reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,377,643 shares of the financial services provider's stock after selling 100,932 shares during the quarter. Interactive Brokers Group makes up about 2.9% of Cantillon Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Cantillon Capital Management LLC owned approximately 0.80% of Interactive Brokers Group worth $470,708,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC grew its holdings in Interactive Brokers Group by 3.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider's stock worth $383,000 after buying an additional 97 shares in the last quarter. Boston Financial Mangement LLC increased its position in Interactive Brokers Group by 5.4% in the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider's stock valued at $272,000 after acquiring an additional 100 shares during the period. First Citizens Bank & Trust Co. increased its position in Interactive Brokers Group by 5.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 107 shares during the period. CIBC Asset Management Inc increased its position in Interactive Brokers Group by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider's stock valued at $441,000 after acquiring an additional 110 shares during the period. Finally, Tortoise Investment Management LLC increased 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 acquiring an additional 111 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded up $2.90 during trading on Tuesday, reaching $185.51. The stock had a trading volume of 923,602 shares, compared to its average volume of 1,007,109. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $185.77. The business's 50-day moving average price is $150.13 and its 200 day moving average price is $132.13. The stock has a market capitalization of $78.38 billion, a PE ratio of 28.32, a P/E/G ratio of 1.41 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS 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 the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. Analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays lowered their target price on 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. Piper Sandler reaffirmed an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Finally, UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

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.