Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Purchases New Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 63,230 shares of the financial services provider's stock, valued at approximately $9,371,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Greenwich Wealth Management LLC boosted its stake in Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock worth $365,271,000 after purchasing an additional 8,038 shares during the period. Bares Capital Management Inc. grew its holdings in shares of Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock worth $313,920,000 after buying an additional 264,543 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock worth $307,365,000 after buying an additional 481,826 shares in the last quarter. Millennium Management LLC raised its position in Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock valued at $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in Interactive Brokers Group by 3.7% in the 1st quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider's stock valued at $85,455,000 after acquiring an additional 27,434 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 0.9 %

Shares of IBKR traded up $1.37 during trading hours on Wednesday, hitting $154.21. The company had a trading volume of 391,964 shares, compared to its average volume of 1,000,845. The business has a fifty day moving average of $136.92 and a 200-day moving average of $126.30. The firm has a market cap of $64.93 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.15 and a beta of 0.80. 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 released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.82%. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company earned $1.55 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 6.89 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 17.09%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays lowered 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 boosted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Piper Sandler reiterated an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods cut 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 report on Thursday, July 11th. One equities research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

Interactive Brokers Group Company 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.