Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Bought by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,057 shares of the financial services provider's stock after purchasing an additional 3,652 shares during the period. Mawer Investment Management Ltd.'s holdings in Interactive Brokers Group were worth $16,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of Interactive Brokers Group during the third quarter valued at about $751,000. CIBC Asset Management Inc grew its position in Interactive Brokers Group by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider's stock valued at $441,000 after acquiring an additional 110 shares in the last quarter. Huntington National Bank lifted its position in shares of Interactive Brokers Group by 445.5% during the third quarter. Huntington National Bank now owns 420 shares of the financial services provider's stock worth $59,000 after purchasing an additional 343 shares in the last quarter. KBC Group NV boosted its stake in shares of Interactive Brokers Group by 3.0% in the third quarter. KBC Group NV now owns 109,158 shares of the financial services provider's stock valued at $15,212,000 after purchasing an additional 3,211 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $229,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group upped their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their target price 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 set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Barclays decreased 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $143.00.

Interactive Brokers Group Trading Up 1.3 %

Shares of NASDAQ IBKR traded up $2.40 during trading hours on Monday, reaching $182.61. The stock had a trading volume of 988,129 shares, compared to its average volume of 1,007,479. The firm has a market cap of $76.89 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 1.41 and a beta of 0.79. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $183.01. The firm has a 50-day moving average of $147.69 and a 200-day moving average of $131.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its 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 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 firm earned $1.55 earnings per share. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend 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.