Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Position Raised by Martingale Asset Management L P

Martingale Asset Management L P increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 96.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,660 shares of the financial services provider's stock after acquiring an additional 44,598 shares during the period. Martingale Asset Management L P's holdings in Interactive Brokers Group were worth $12,634,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC increased its stake in shares of 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 period. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Interactive Brokers Group during the third quarter worth approximately $83,630,000. Marshall Wace LLP grew its holdings in Interactive Brokers Group by 23.8% in the 2nd 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 in the last quarter. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC raised its stake 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. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Barclays dropped their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and an average target price of $143.00.

Interactive Brokers Group Trading Up 0.0 %

Shares of IBKR traded up $0.03 during midday trading on Friday, hitting $191.09. The stock had a trading volume of 576,680 shares, compared to its average volume of 1,011,490. The business has a 50-day simple moving average of $160.09 and a two-hundred day simple moving average of $135.90. The firm has a market cap of $80.74 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a fifty-two week low of $76.89 and a fifty-two week 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 return on equity of 4.83% and a net margin of 7.89%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $1.55 EPS. On average, analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. 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 payout ratio is presently 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.