Robeco Institutional Asset Management B.V. Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Robeco Institutional Asset Management B.V. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 60,000 shares of the financial services provider's stock, valued at approximately $8,362,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC increased its stake in Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in shares of Interactive Brokers Group in the second quarter valued at $32,000. UMB Bank n.a. increased its position in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock valued at $40,000 after buying an additional 224 shares in the last quarter. DT Investment Partners LLC raised its stake in shares of Interactive Brokers Group by 60.1% during the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider's stock worth $54,000 after buying an additional 146 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in shares of Interactive Brokers Group in the 3rd quarter worth about $81,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBKR. Barclays cut their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. UBS Group lifted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Jefferies Financial Group increased their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $143.00.

Interactive Brokers Group Trading Up 2.0 %

Shares of IBKR traded up $3.33 during mid-day trading on Friday, reaching $170.00. The company had a trading volume of 604,489 shares, compared to its average volume of 1,001,577. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $173.09. The stock has a market cap of $71.58 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The firm has a fifty day simple moving average of $141.56 and a 200-day simple moving average of $128.43.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its 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 return on equity of 4.82% and a net margin of 7.89%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company posted $1.55 EPS. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business 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. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.59%. Interactive Brokers Group's dividend payout ratio is currently 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.