Janus Henderson Group PLC Sells 4,073 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Janus Henderson Group PLC lessened its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,243 shares of the financial services provider's stock after selling 4,073 shares during the period. Janus Henderson Group PLC's holdings in Interactive Brokers Group were worth $9,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of Interactive Brokers Group by 67.4% in the third quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider's stock valued at $10,133,000 after acquiring an additional 29,257 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of Interactive Brokers Group by 487.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider's stock worth $409,000 after purchasing an additional 2,432 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Interactive Brokers Group by 16.3% during the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider's stock worth $127,181,000 after purchasing an additional 127,640 shares during the period. Edgestream Partners L.P. raised its position in shares of Interactive Brokers Group by 417.7% in the third quarter. Edgestream Partners L.P. now owns 44,786 shares of the financial services provider's stock valued at $6,241,000 after buying an additional 36,135 shares in the last quarter. Finally, Progeny 3 Inc. bought a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $17,699,000. 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 $6.79 during midday trading on Monday, hitting $180.17. 1,619,390 shares of the company traded hands, compared to its average volume of 1,019,944. The stock has a market cap of $76.13 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 1.46 and a beta of 0.85. The firm's fifty day moving average price is $165.92 and its 200-day moving average price is $138.67. Interactive Brokers Group, Inc. has a 12 month low of $78.93 and a 12 month high of $193.42.

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). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company posted $1.55 earnings per share. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group's payout ratio is 15.27%.

Wall Street Analyst Weigh In

A number of research firms have commented on IBKR. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. UBS Group raised their price target 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. Barclays upped their price objective on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an "overweight" rating in a research report on Monday. The Goldman Sachs Group raised their target price 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. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $166.13.

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.