Interactive Brokers Group, Inc. (NASDAQ:IBKR) Position Cut by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 20.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 366,204 shares of the financial services provider's stock after selling 93,941 shares during the period. Principal Financial Group Inc. owned 0.09% of Interactive Brokers Group worth $51,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock worth $132,655,000 after purchasing an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Interactive Brokers Group during the 3rd quarter worth $83,630,000. Marshall Wace LLP lifted 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 purchased a new position in Interactive Brokers Group in the 3rd quarter valued at about $26,946,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock worth $36,004,000 after acquiring an additional 187,010 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 1.0 %

NASDAQ IBKR traded up $1.68 during trading hours on Monday, reaching $177.60. The company's stock had a trading volume of 999,200 shares, compared to its average volume of 1,026,426. The business has a 50-day simple moving average of $171.53 and a 200 day simple moving average of $141.88. Interactive Brokers Group, Inc. has a 52 week low of $82.07 and a 52 week high of $193.42. The stock has a market cap of $75.04 billion, a PE ratio of 27.11, a PEG ratio of 1.42 and a beta of 0.85.

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 (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 the consensus estimate 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 period last year, the business posted $1.55 EPS. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. Interactive Brokers Group's dividend payout ratio is currently 15.27%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of analyst reports. Barclays increased their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a "market perform" rating in a research report on Friday. The Goldman Sachs Group upped 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. Jefferies Financial Group boosted 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 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.00.

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.