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

Soros Fund Management LLC decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 30.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,413 shares of the financial services provider's stock after selling 74,138 shares during the quarter. Soros Fund Management LLC's holdings in Interactive Brokers Group were worth $23,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp boosted its holdings in Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock valued at $449,037,000 after acquiring an additional 52,911 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Interactive Brokers Group by 6.1% in the 3rd quarter. Stifel Financial Corp now owns 169,247 shares of the financial services provider's stock worth $23,586,000 after purchasing an additional 9,716 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Interactive Brokers Group in the 3rd quarter valued at about $1,483,000. Quantinno Capital Management LP grew its holdings in shares of Interactive Brokers Group by 82.3% during the 3rd quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider's stock worth $441,000 after purchasing an additional 1,430 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Interactive Brokers Group by 9.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 708,333 shares of the financial services provider's stock worth $98,713,000 after purchasing an additional 61,798 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IBKR shares. UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Barclays lowered their price objective 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. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday. Piper Sandler reiterated an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group lifted 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 note on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.00.

Interactive Brokers Group Price Performance

IBKR traded up $0.08 during trading hours on Friday, hitting $186.98. 372,507 shares of the stock were exchanged, compared to its average volume of 1,014,786. Interactive Brokers Group, Inc. has a 12 month low of $78.93 and a 12 month high of $193.42. The stock has a 50-day simple moving average of $164.12 and a 200-day simple moving average of $137.68. The stock has a market cap of $79.00 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85.

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 the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% 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 quarter last year, the company earned $1.55 EPS. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend payout ratio is presently 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.