DRW Securities LLC Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

DRW Securities LLC acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 21,361 shares of the financial services provider's stock, valued at approximately $2,977,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBKR. SG Americas Securities LLC lifted its position in Interactive Brokers Group by 172.1% during the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider's stock worth $1,528,000 after acquiring an additional 7,884 shares during the period. Janus Henderson Group PLC lifted its stake in Interactive Brokers Group by 9.9% during the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider's stock valued at $12,173,000 after acquiring an additional 9,858 shares during the period. Aurora Investment Counsel acquired a new stake in shares of Interactive Brokers Group in the third quarter worth $1,693,000. Versor Investments LP purchased a new position in shares of Interactive Brokers Group during the third quarter worth $474,000. Finally, Waverton Investment Management Ltd purchased a new stake in Interactive Brokers Group in the third quarter valued at $26,946,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 0.3 %

Shares of Interactive Brokers Group stock traded down $0.64 during trading hours on Monday, reaching $190.98. 1,633,426 shares of the company's stock were exchanged, compared to its average volume of 1,014,672. The business has a fifty day moving average of $154.06 and a two-hundred day moving average of $133.60. The company has a market capitalization of $80.69 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period last year, the business earned $1.55 earnings per share. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group's payout ratio is currently 15.27%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on IBKR shares. Jefferies Financial Group upped their target price 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. UBS Group lifted their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Piper Sandler restated an "overweight" rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Barclays reduced 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. 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $143.00.

Interactive Brokers Group 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.