Geode Capital Management LLC Increases Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Geode Capital Management LLC lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,065,535 shares of the financial services provider's stock after purchasing an additional 106,392 shares during the quarter. Geode Capital Management LLC owned 0.49% of Interactive Brokers Group worth $287,921,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its holdings in Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock worth $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $32,000. UMB Bank n.a. raised 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 buying an additional 224 shares during the period. Smithfield Trust Co lifted its position 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 buying an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in 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.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Piper Sandler restated an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. UBS Group lifted 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. Barclays increased their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Finally, Jefferies Financial Group raised their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $166.13.

Interactive Brokers Group Stock Down 0.5 %

Shares of Interactive Brokers Group stock traded down $0.82 on Friday, hitting $179.49. 797,154 shares of the company were exchanged, compared to its average volume of 1,020,374. The company has a 50-day moving average price of $168.78 and a 200 day moving average price of $140.10. The stock has a market capitalization of $75.84 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. Interactive Brokers Group, Inc. has a 1-year low of $78.93 and a 1-year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data 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). 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 analyst estimates of $1.32 billion. During the same period last year, the firm posted $1.55 EPS. Research analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group's payout ratio is currently 15.27%.

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.