Sparta 24 Ltd. cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 37.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,177 shares of the financial services provider's stock after selling 31,503 shares during the quarter. Interactive Brokers Group makes up approximately 6.7% of Sparta 24 Ltd.'s holdings, making the stock its 5th biggest position. Sparta 24 Ltd.'s holdings in Interactive Brokers Group were worth $7,271,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Tortoise Investment Management LLC grew its position in 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 worth $31,000 after acquiring an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD bought a new position in shares of Interactive Brokers Group in the 2nd quarter worth $32,000. UMB Bank n.a. raised its holdings 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. Mendota Financial Group LLC purchased a new stake in Interactive Brokers Group during the third quarter valued at approximately $81,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Interactive Brokers Group by 389.9% during the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.
Wall Street Analysts Forecast Growth
IBKR has been the subject of several research reports. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Piper Sandler reaffirmed an "overweight" rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group raised their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, Barclays lowered their target price on shares of 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $143.00.
Read Our Latest Report on IBKR
Interactive Brokers Group Trading Up 0.5 %
Shares of Interactive Brokers Group stock traded up $0.76 on Thursday, hitting $148.20. The stock had a trading volume of 692,246 shares, compared to its average volume of 1,007,977. The company's 50 day moving average price is $134.61 and its 200 day moving average price is $125.15. The stock has a market cap of $62.40 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.34 and a beta of 0.80. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $154.75.
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 7.88% and a return on equity of 4.88%. During the same period in the previous year, the firm earned $1.55 earnings per share. Analysts predict that Interactive Brokers Group, Inc. will post 6.92 EPS for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The firm also recently announced 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. Interactive Brokers Group's dividend payout ratio (DPR) is 17.09%.
Interactive Brokers Group Profile
(
Free Report)
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.
Further Reading
Before you consider Interactive Brokers Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Interactive Brokers Group wasn't on the list.
While Interactive Brokers Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
