Dynamic Technology Lab Private Ltd Buys New Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 4,208 shares of the financial services provider's stock, valued at approximately $586,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its holdings in 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 last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth $32,000. UMB Bank n.a. increased its stake in shares of Interactive Brokers Group by 350.0% during the 3rd 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 during the last quarter. Smithfield Trust Co raised its holdings in shares of Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at $49,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

IBKR stock traded down $0.22 on Friday, reaching $191.09. 576,680 shares of the company were exchanged, compared to its average volume of 1,011,490. The firm has a market capitalization of $80.74 billion, a PE ratio of 29.17, a PEG ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a 12 month low of $76.89 and a 12 month high of $193.42. The stock's fifty day moving average price is $158.93 and its 200 day moving average price is $135.41.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The company 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. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date of this dividend 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 is currently 15.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IBKR shares. Piper Sandler reissued an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays lowered their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group boosted their target price 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, UBS Group upped their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target 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.