Stifel Financial Corp Has $23.59 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Stifel Financial Corp grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,247 shares of the financial services provider's stock after acquiring an additional 9,716 shares during the period. Stifel Financial Corp's holdings in Interactive Brokers Group were worth $23,586,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IBKR. Greenwich Wealth Management LLC lifted its stake in shares of Interactive Brokers Group by 0.3% in the second 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. Marshall Wace LLP lifted its stake in shares of 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 last quarter. FMR LLC lifted its stake in shares of Interactive Brokers Group by 12.2% in the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock worth $152,543,000 after buying an additional 119,187 shares during the last quarter. Millennium Management LLC raised its stake in Interactive Brokers Group by 1,292.1% during the 2nd 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. Finally, Bamco Inc. NY raised its stake in Interactive Brokers Group by 16.3% during the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider's stock valued at $127,181,000 after purchasing an additional 127,640 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR traded down $6.79 during midday trading on Monday, reaching $180.17. 1,619,390 shares of the company's stock were exchanged, compared to its average volume of 1,017,423. The company's 50 day simple moving average is $165.11 and its two-hundred day simple moving average is $138.27. The firm has a market capitalization of $76.13 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85. Interactive Brokers Group, Inc. has a 12 month low of $78.93 and a 12 month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter last year, the business earned $1.55 EPS. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's payout ratio is presently 15.27%.

Analyst Ratings Changes

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

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.