Cozad Asset Management Inc. Cuts Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cozad Asset Management Inc. lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,419 shares of the financial services provider's stock after selling 2,996 shares during the quarter. Cozad Asset Management Inc.'s holdings in Interactive Brokers Group were worth $6,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBKR. Tortoise Investment Management LLC raised its stake 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 buying an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new position in shares of Interactive Brokers Group in the second quarter worth approximately $32,000. UMB Bank n.a. increased its stake in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock worth $40,000 after purchasing an additional 224 shares in the last quarter. DT Investment Partners LLC increased its stake in shares of Interactive Brokers Group by 60.1% in the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider's stock worth $54,000 after purchasing an additional 146 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Interactive Brokers Group by 389.9% during the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 503 shares during the period. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IBKR shares. UBS Group boosted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods cut Interactive Brokers Group from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Barclays cut their price target on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Jefferies Financial Group upped their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Finally, Piper Sandler reissued an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target of $143.00.

Interactive Brokers Group Stock Down 1.7 %

IBKR traded down $2.97 during trading on Thursday, reaching $168.72. The company had a trading volume of 593,244 shares, compared to its average volume of 1,000,773. The stock has a market cap of $71.04 billion, a P/E ratio of 26.21, a PEG ratio of 1.19 and a beta of 0.79. The business has a 50 day simple moving average of $140.77 and a 200-day simple moving average of $128.16. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $173.09.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. During the same quarter in the prior year, the business earned $1.55 earnings per share. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. 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.