Raymond James & Associates Has $68.31 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Raymond James & Associates raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 490,135 shares of the financial services provider's stock after acquiring an additional 59,340 shares during the period. Raymond James & Associates owned about 0.12% of Interactive Brokers Group worth $68,305,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tortoise Investment Management LLC raised its stake in shares of Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in Interactive Brokers Group in the 2nd quarter valued at $32,000. UMB Bank n.a. boosted its stake in Interactive Brokers Group by 350.0% in the third 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. GAMMA Investing LLC grew its holdings in shares of Interactive Brokers Group by 213.6% during the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider's stock worth $54,000 after purchasing an additional 329 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Interactive Brokers Group by 389.9% during the first quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider's stock worth $70,000 after purchasing an additional 503 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on IBKR shares. Piper Sandler reiterated an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Jefferies Financial Group increased their price objective 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. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Barclays cut their price target on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Finally, UBS Group lifted their price objective 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $143.00.

Interactive Brokers Group Stock Down 0.7 %

NASDAQ IBKR traded down $0.98 on Tuesday, reaching $148.66. The company had a trading volume of 618,001 shares, compared to its average volume of 1,011,355. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $154.75. The stock has a market cap of $62.60 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.34 and a beta of 0.80. The stock's 50 day moving average is $133.40 and its 200-day moving average is $124.74.

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 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The company 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 7.88% and a return on equity of 4.88%. During the same period last year, the company earned $1.55 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 6.92 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.67%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 17.09%.

Interactive Brokers Group Profile

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.