Stanley Laman Group Ltd. Acquires New Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Stanley Laman Group Ltd. bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 25,067 shares of the financial services provider's stock, valued at approximately $3,493,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Citizens Bank & Trust Co. lifted its position in shares of Interactive Brokers Group by 5.6% in the third quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider's stock worth $280,000 after purchasing an additional 107 shares in the last quarter. Tortoise Investment Management LLC lifted its position in 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. Signaturefd LLC boosted its stake in shares of Interactive Brokers Group by 9.5% during the 3rd quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider's stock worth $189,000 after buying an additional 118 shares during the last quarter. Insight Wealth Strategies LLC grew its holdings in shares of Interactive Brokers Group by 0.7% in the 3rd quarter. Insight Wealth Strategies LLC now owns 18,686 shares of the financial services provider's stock valued at $2,604,000 after acquiring an additional 125 shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its position in shares of Interactive Brokers Group by 1.8% in the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider's stock valued at $787,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. 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 research report on Friday, October 4th. Barclays cut their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Piper Sandler restated an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an "outperform" rating to a "market perform" rating and increased their price target for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Finally, UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

Interactive Brokers Group Stock Down 0.8 %

Shares of NASDAQ IBKR traded down $1.22 during mid-day trading on Wednesday, reaching $147.44. 634,719 shares of the company were exchanged, compared to its average volume of 1,009,517. The stock has a market capitalization of $62.08 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.34 and a beta of 0.80. The company's 50-day simple moving average is $134.03 and its 200-day simple moving average is $124.99. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $154.75.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 6.92 EPS for the current year.

Interactive Brokers Group Announces Dividend

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 paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. Interactive Brokers Group's payout ratio is 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.