Barclays PLC Sells 21,207 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Barclays PLC reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 28.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,759 shares of the financial services provider's stock after selling 21,207 shares during the quarter. Barclays PLC's holdings in Interactive Brokers Group were worth $7,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. MML Investors Services LLC raised its stake in shares of Interactive Brokers Group by 10.2% during the third quarter. MML Investors Services LLC now owns 9,309 shares of the financial services provider's stock valued at $1,297,000 after acquiring an additional 858 shares during the last quarter. Main Management ETF Advisors LLC bought a new position in Interactive Brokers Group during the 3rd quarter valued at approximately $973,000. XTX Topco Ltd lifted its holdings in Interactive Brokers Group by 559.6% in the 3rd quarter. XTX Topco Ltd now owns 16,601 shares of the financial services provider's stock worth $2,314,000 after buying an additional 14,084 shares during the period. Zacks Investment Management bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth approximately $4,725,000. Finally, National Bank of Canada FI increased its stake in shares of Interactive Brokers Group by 21.0% during the third quarter. National Bank of Canada FI now owns 9,210 shares of the financial services provider's stock valued at $1,284,000 after buying an additional 1,598 shares during the period. Hedge funds and other institutional investors own 23.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBKR. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Piper Sandler reissued an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays raised their price objective on Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, UBS Group lifted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $166.13.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock remained flat at $173.79 during mid-day trading on Thursday. 906,605 shares of the company were exchanged, compared to its average volume of 1,019,036. The firm has a market cap of $73.43 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. Interactive Brokers Group, Inc. has a 52 week low of $80.92 and a 52 week high of $193.42. The company's 50 day moving average price is $170.53 and its 200-day moving average price is $141.08.

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). 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 the consensus estimate of $1.32 billion. During the same period last year, the business earned $1.55 EPS. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group's dividend payout ratio is currently 15.27%.

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.