Fmr LLC Has $152.54 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

FMR LLC lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 12.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,094,598 shares of the financial services provider's stock after purchasing an additional 119,187 shares during the period. FMR LLC owned about 0.26% of Interactive Brokers Group worth $152,543,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IBKR. Millennium Management LLC lifted its position in Interactive Brokers Group by 1,292.1% in 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 purchasing an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $83,630,000. Marshall Wace LLP raised its stake in Interactive Brokers Group by 23.8% during the 2nd 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 during the period. Waverton Investment Management Ltd bought a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock valued at $36,004,000 after purchasing an additional 187,010 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of IBKR stock traded down $0.92 during trading hours on Wednesday, hitting $185.97. 1,328,227 shares of the company were exchanged, compared to its average volume of 1,016,810. The business's 50-day simple moving average is $162.12 and its two-hundred day simple moving average is $136.99. The stock has a market capitalization of $78.58 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.45 and a beta of 0.85. Interactive Brokers Group, Inc. has a one year low of $78.14 and a one year high of $193.42.

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 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 4.83%. The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the prior year, the company posted $1.55 earnings per share. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.54%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 15.27%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IBKR. 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 report on Friday, October 4th. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday. Piper Sandler reaffirmed an "overweight" rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays lowered their price target on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Finally, UBS Group lifted 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $160.00.

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.