Interactive Brokers Group, Inc. (NASDAQ:IBKR) Holdings Cut by Firetrail Investments PTY Ltd.

Firetrail Investments PTY Ltd. lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 16.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,749 shares of the financial services provider's stock after selling 27,824 shares during the quarter. Interactive Brokers Group comprises about 5.6% of Firetrail Investments PTY Ltd.'s portfolio, making the stock its 3rd biggest holding. Firetrail Investments PTY Ltd.'s holdings in Interactive Brokers Group were worth $19,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of Interactive Brokers Group during the first quarter worth about $327,000. QRG Capital Management Inc. lifted its position in shares of Interactive Brokers Group by 12.5% during the first quarter. QRG Capital Management Inc. now owns 4,728 shares of the financial services provider's stock worth $528,000 after purchasing an additional 525 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Interactive Brokers Group during the first quarter worth about $236,000. Koshinski Asset Management Inc. acquired a new stake in shares of Interactive Brokers Group during the first quarter worth about $370,000. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Interactive Brokers Group by 1.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 96,395 shares of the financial services provider's stock worth $10,768,000 after purchasing an additional 1,164 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR traded down $0.75 during mid-day trading on Thursday, reaching $177.90. 837,572 shares of the company's stock were exchanged, compared to its average volume of 1,006,416. The stock has a market capitalization of $74.91 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. The business's fifty day simple moving average is $146.54 and its 200-day simple moving average is $130.57. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $181.21.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter last year, the business earned $1.55 earnings per share. Equities research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. Interactive Brokers Group's payout ratio is currently 15.27%.

Analyst Ratings Changes

Several brokerages recently weighed in on IBKR. Piper Sandler reaffirmed an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a report 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 report on Tuesday, October 8th. Finally, Barclays reduced their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

About Interactive Brokers Group

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.