Interactive Brokers Group, Inc. (NASDAQ:IBKR) Holdings Raised by Empower Advisory Group LLC

Empower Advisory Group LLC increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 685,135 shares of the financial services provider's stock after acquiring an additional 7,393 shares during the quarter. Empower Advisory Group LLC owned approximately 0.16% of Interactive Brokers Group worth $95,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of IBKR. Greenwich Wealth Management LLC grew its position in shares of Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock worth $365,271,000 after buying an additional 8,038 shares during the last quarter. Bares Capital Management Inc. grew its position in shares of Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock worth $313,920,000 after buying an additional 264,543 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock valued at $307,365,000 after purchasing an additional 481,826 shares in the last quarter. Millennium Management LLC raised its stake in Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock valued at $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Finally, Bronte Capital Management Pty Ltd. increased its holdings in Interactive Brokers Group by 2.9% during the third quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider's stock valued at $116,174,000 after buying an additional 23,828 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group increased their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Barclays cut their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. UBS Group lifted their price objective 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. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded down $0.82 during trading on Wednesday, reaching $178.73. 485,263 shares of the company's stock were exchanged, compared to its average volume of 1,005,795. The stock has a market cap of $75.26 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. The company has a 50 day moving average price of $144.44 and a two-hundred day moving average price of $129.90. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $181.21.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share 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 firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. Research analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 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.