CWA Asset Management Group LLC Purchases New Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

CWA Asset Management Group LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 28,197 shares of the financial services provider's stock, valued at approximately $3,930,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 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 stake in Interactive Brokers Group during the 2nd quarter worth approximately $32,000. UMB Bank n.a. lifted its holdings 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 purchasing an additional 224 shares in the last quarter. DT Investment Partners LLC boosted its position 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 during the period. Finally, Mendota Financial Group LLC purchased a new stake in shares of Interactive Brokers Group in the third quarter worth $81,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 1.8 %

Interactive Brokers Group stock traded up $3.07 during midday trading on Friday, reaching $169.74. 853,999 shares of the stock traded hands, compared to its average volume of 979,820. The stock has a market cap of $71.47 billion, a P/E ratio of 25.91, a PEG ratio of 1.33 and a beta of 0.79. The stock's fifty day moving average is $142.38 and its 200-day moving average is $128.92. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $173.09.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results 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 4.82%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 yield of 0.59%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 15.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on IBKR shares. Piper Sandler restated an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. UBS Group raised their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. 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 research note on Friday, October 4th. Finally, Barclays decreased their target price on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

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.