Dumont & Blake Investment Advisors LLC Reduces Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Dumont & Blake Investment Advisors LLC trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 49.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,574 shares of the financial services provider's stock after selling 9,464 shares during the period. Dumont & Blake Investment Advisors LLC's holdings in Interactive Brokers Group were worth $1,334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Citizens Bank & Trust Co. raised its stake in 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 buying an additional 107 shares in the last quarter. Tortoise Investment Management LLC raised its stake 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 buying an additional 111 shares in the last quarter. Signaturefd LLC raised its stake in Interactive Brokers Group by 9.5% in the third quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider's stock worth $189,000 after buying an additional 118 shares in the last quarter. Insight Wealth Strategies LLC raised its stake in Interactive Brokers Group by 0.7% in the third quarter. Insight Wealth Strategies LLC now owns 18,686 shares of the financial services provider's stock worth $2,604,000 after buying an additional 125 shares in the last quarter. Finally, Oliver Luxxe Assets LLC grew its holdings in 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 worth $787,000 after purchasing an additional 126 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Down 0.7 %

NASDAQ IBKR traded down $1.03 on Friday, reaching $147.17. The company had a trading volume of 791,530 shares, compared to its average volume of 1,006,931. The stock has a market capitalization of $61.97 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. The firm's 50 day moving average price is $135.17 and its 200 day moving average price is $125.31. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $154.75.

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

Interactive Brokers Group Dividend Announcement

The firm 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 $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. Interactive Brokers Group's payout ratio is currently 17.09%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Barclays cut their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock 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, UBS Group increased their price target 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.