Landscape Capital Management L.L.C. Sells 7,973 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Landscape Capital Management L.L.C. lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 79.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,122 shares of the financial services provider's stock after selling 7,973 shares during the period. Landscape Capital Management L.L.C.'s holdings in Interactive Brokers Group were worth $296,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of IBKR. Tortoise Investment Management LLC raised its holdings in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock worth $31,000 after buying an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth $32,000. UMB Bank n.a. increased its holdings in Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock worth $40,000 after purchasing an additional 224 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Interactive Brokers Group in the 3rd quarter worth about $49,000. Finally, DT Investment Partners LLC increased its holdings in Interactive Brokers Group by 60.1% in the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider's stock worth $54,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock traded down $0.87 on Monday, hitting $190.75. The company had a trading volume of 710,278 shares, compared to its average volume of 1,010,623. The stock has a market capitalization of $80.60 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $193.42. The stock has a 50 day moving average of $154.06 and a 200-day moving average of $133.60.

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

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 15.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IBKR shares. 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. Barclays reduced their price target 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. Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Finally, UBS Group upped their price target 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 given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.