Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,651 shares of the financial services provider's stock after selling 7,881 shares during the quarter. Victory Capital Management Inc.'s holdings in Interactive Brokers Group were worth $23,085,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Cumberland Partners Ltd boosted its holdings in Interactive Brokers Group by 30.8% in the 3rd quarter. Cumberland Partners Ltd now owns 8,500 shares of the financial services provider's stock worth $1,185,000 after buying an additional 2,000 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of Interactive Brokers Group by 3.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider's stock worth $383,000 after acquiring an additional 97 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Interactive Brokers Group during the third quarter worth about $83,630,000. Bronte Capital Management Pty Ltd. raised its stake in Interactive Brokers Group by 2.9% during the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider's stock valued at $116,174,000 after purchasing an additional 23,828 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in Interactive Brokers Group by 16.1% in the 3rd quarter. GSA Capital Partners LLP now owns 10,560 shares of the financial services provider's stock worth $1,472,000 after purchasing an additional 1,463 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IBKR shares. Jefferies Financial Group increased their price objective 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. Piper Sandler reiterated an "overweight" rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays dropped their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Finally, UBS Group raised their price objective on 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 equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $143.00.

Interactive Brokers Group Price Performance

NASDAQ:IBKR traded up $2.90 during trading hours on Tuesday, reaching $185.51. The company had a trading volume of 923,432 shares, compared to its average volume of 1,007,109. The firm has a market cap of $78.38 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $185.77. The business's 50 day moving average price is $148.86 and its 200-day moving average price is $131.67.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $1.55 earnings per share. On average, analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend payout ratio is presently 15.27%.

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.