Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 76.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,363 shares of the financial services provider's stock after selling 11,013 shares during the period. Penserra Capital Management LLC's holdings in Interactive Brokers Group were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Millennium Management LLC lifted its position in Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock worth $132,655,000 after buying an additional 1,004,289 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Interactive Brokers Group in the 3rd quarter valued at about $83,630,000. Marshall Wace LLP increased its stake in shares of Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock valued at $307,365,000 after acquiring an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd purchased a new position in shares of Interactive Brokers Group during the 3rd quarter worth about $26,946,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock worth $36,004,000 after acquiring an additional 187,010 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 0.1 %

NASDAQ:IBKR traded down $0.22 during trading hours on Friday, hitting $191.09. The stock had a trading volume of 576,680 shares, compared to its average volume of 1,011,490. The business has a 50 day simple moving average of $158.93 and a two-hundred day simple moving average of $135.41. Interactive Brokers Group, Inc. has a 1-year low of $76.89 and a 1-year high of $193.42. The company has a market cap of $80.74 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79.

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 (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period last year, the firm earned $1.55 EPS. Research analysts expect that Interactive Brokers Group, Inc. will post 6.82 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend payout ratio is currently 15.27%.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of research analyst reports. UBS Group lifted 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. Barclays reduced their target price on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Piper Sandler restated an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group lifted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average 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.