FORA Capital LLC Sells 13,213 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

FORA Capital LLC decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 77.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,738 shares of the financial services provider's stock after selling 13,213 shares during the quarter. FORA Capital LLC's holdings in Interactive Brokers Group were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in IBKR. Millennium Management LLC lifted its position in shares of Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock worth $132,655,000 after purchasing an additional 1,004,289 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new position in Interactive Brokers Group in the third quarter worth about $83,630,000. Marshall Wace LLP lifted its holdings in Interactive Brokers Group by 23.8% in the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock worth $307,365,000 after buying an additional 481,826 shares during the period. Waverton Investment Management Ltd bought a new stake in Interactive Brokers Group during the 3rd quarter valued at approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC boosted its position in 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 acquiring an additional 187,010 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 0.1 %

NASDAQ:IBKR traded down $0.22 on Friday, reaching $191.09. 576,680 shares of the stock traded hands, compared to its average volume of 1,011,490. The company has a market capitalization of $80.74 billion, a price-to-earnings 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 company's fifty day simple moving average is $158.93 and its 200 day simple moving average is $135.41.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly 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). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period last year, the business earned $1.55 EPS. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 15.27%.

Analysts Set New Price Targets

A number of research firms have recently commented on IBKR. Piper Sandler restated an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. UBS Group increased their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a report on Friday, October 4th. Finally, Barclays lowered their price target on shares of 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. One 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 a consensus target price 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.