5,388 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Purchased by Quest Partners LLC

Quest Partners LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,388 shares of the financial services provider's stock, valued at approximately $751,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IBKR. Millennium Management LLC boosted its stake in shares of Interactive Brokers Group by 1,292.1% in the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock valued at $132,655,000 after purchasing an additional 1,004,289 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Interactive Brokers Group in the third quarter valued at approximately $83,630,000. Marshall Wace LLP raised its holdings in Interactive Brokers Group by 23.8% in the second 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 in the last quarter. Bares Capital Management Inc. raised its holdings in Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock valued at $313,920,000 after acquiring an additional 264,543 shares in the last quarter. Finally, Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $26,946,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on IBKR shares. UBS Group raised their target price 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 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. Piper Sandler reissued an "overweight" rating and set a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Jefferies Financial Group raised 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's 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 Price Performance

NASDAQ IBKR traded down $0.09 on Friday, reaching $191.62. The company had a trading volume of 1,527,738 shares, compared to its average volume of 1,011,945. The firm has a market capitalization of $80.96 billion, a PE ratio of 29.25, a P/E/G ratio of 1.45 and a beta of 0.79. The firm has a 50-day moving average of $154.06 and a 200-day moving average of $133.41. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $193.21.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted 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). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $1.55 earnings per share. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 annualized dividend and a dividend yield of 0.52%. Interactive Brokers Group's payout ratio is 15.27%.

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.