Assenagon Asset Management S.A. Grows Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Assenagon Asset Management S.A. boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1,117.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,950 shares of the financial services provider's stock after purchasing an additional 100,003 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Interactive Brokers Group were worth $15,183,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in Interactive Brokers Group by 172.1% during the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider's stock valued at $1,528,000 after purchasing an additional 7,884 shares in the last quarter. GSA Capital Partners LLP bought a new position in Interactive Brokers Group during the first quarter valued at $796,000. Janus Henderson Group PLC increased its position in Interactive Brokers Group by 9.9% during the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider's stock valued at $12,173,000 after acquiring an additional 9,858 shares during the last quarter. Norden Group LLC increased its position in Interactive Brokers Group by 1,272.1% during the first quarter. Norden Group LLC now owns 104,400 shares of the financial services provider's stock valued at $11,662,000 after acquiring an additional 96,791 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Interactive Brokers Group by 26.2% during the first quarter. Van ECK Associates Corp now owns 43,711 shares of the financial services provider's stock valued at $4,883,000 after acquiring an additional 9,082 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 topic of a number of analyst reports. UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Piper Sandler reiterated an "overweight" rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. 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 research report on Wednesday, October 16th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, Jefferies Financial Group upped their price target 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $143.00.

Interactive Brokers Group Stock Down 0.7 %

NASDAQ:IBKR traded down $1.03 during mid-day trading on Friday, reaching $147.17. The company's stock had a trading volume of 791,813 shares, compared to its average volume of 1,054,139. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $154.75. The stock has a fifty day moving average of $135.70 and a 200-day moving average of $125.73. The firm has a market capitalization of $61.97 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the company earned $1.55 earnings per share. On average, analysts expect that Interactive Brokers Group, Inc. will post 6.89 earnings per share 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. Investors of record on Friday, November 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, November 29th. 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.