KBC Group NV Buys 3,211 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

KBC Group NV raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,158 shares of the financial services provider's stock after acquiring an additional 3,211 shares during the quarter. KBC Group NV's holdings in Interactive Brokers Group were worth $15,212,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in Interactive Brokers Group in the 3rd quarter worth about $229,000. Empower Advisory Group LLC increased its position in Interactive Brokers Group by 1.1% during the third quarter. Empower Advisory Group LLC now owns 685,135 shares of the financial services provider's stock worth $95,480,000 after purchasing an additional 7,393 shares during the last quarter. Cumberland Partners Ltd raised its stake in Interactive Brokers Group by 30.8% during the third quarter. Cumberland Partners Ltd now owns 8,500 shares of the financial services provider's stock worth $1,185,000 after purchasing an additional 2,000 shares during the period. Prime Capital Investment Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 3.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider's stock valued at $383,000 after purchasing an additional 97 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at $83,630,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 1.3 %

NASDAQ IBKR traded up $2.31 on Friday, hitting $180.21. 1,262,695 shares of the stock traded hands, compared to its average volume of 1,007,566. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $181.21. The company has a market capitalization of $75.88 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.40 and a beta of 0.79. The stock has a 50-day moving average of $147.69 and a 200 day moving average of $131.01.

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 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $1.55 earnings per share. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 15.27%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Piper Sandler restated an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a research note 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 research report on Wednesday, October 16th. UBS Group lifted 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, Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.