Crawford Fund Management LLC Has $6.15 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Crawford Fund Management LLC cut its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 21.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,158 shares of the financial services provider's stock after selling 12,242 shares during the period. Interactive Brokers Group comprises approximately 1.3% of Crawford Fund Management LLC's portfolio, making the stock its 10th biggest holding. Crawford Fund Management LLC's holdings in Interactive Brokers Group were worth $6,154,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IBKR. Advisors Asset Management Inc. grew its holdings in shares of Interactive Brokers Group by 607.8% in the first quarter. Advisors Asset Management Inc. now owns 1,720 shares of the financial services provider's stock valued at $192,000 after acquiring an additional 1,477 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Interactive Brokers Group by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 53,280 shares of the financial services provider's stock valued at $5,952,000 after acquiring an additional 3,326 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Interactive Brokers Group by 9.9% in the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider's stock valued at $12,173,000 after acquiring an additional 9,858 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Interactive Brokers Group by 25.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 5,612 shares of the financial services provider's stock valued at $627,000 after purchasing an additional 1,151 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in Interactive Brokers Group by 143.0% in the first quarter. Tidal Investments LLC now owns 28,225 shares of the financial services provider's stock valued at $3,146,000 after purchasing an additional 16,609 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Interactive Brokers Group Stock Up 0.0 %

Shares of IBKR stock traded up $0.03 during trading on Friday, hitting $191.09. The company had a trading volume of 576,660 shares, compared to its average volume of 1,011,490. The stock's 50-day moving average is $158.93 and its two-hundred day moving average is $135.41. The stock has a market capitalization of $80.74 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52 week low of $76.89 and a 52 week 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 the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to analysts' expectations 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 firm posted $1.55 earnings per share. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. Interactive Brokers Group's payout ratio is 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.