State Street Corp Has $449.04 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

State Street Corp grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,222,135 shares of the financial services provider's stock after buying an additional 52,911 shares during the period. State Street Corp owned approximately 0.77% of Interactive Brokers Group worth $449,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC bought a new stake in shares of Interactive Brokers Group in the first quarter worth about $523,000. QRG Capital Management Inc. lifted its stake in Interactive Brokers Group by 2.8% in the second quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider's stock valued at $596,000 after buying an additional 131 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Interactive Brokers Group by 172.1% during the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider's stock worth $1,528,000 after acquiring an additional 7,884 shares in the last quarter. Meyer Handelman Co. bought a new stake in Interactive Brokers Group in the 2nd quarter valued at $208,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Interactive Brokers Group by 3.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,473 shares of the financial services provider's stock worth $1,774,000 after purchasing an additional 511 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IBKR. Piper Sandler reaffirmed an "overweight" rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. UBS Group upped their price target 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 lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a report on Friday, October 4th. Barclays boosted their price objective on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $166.13.

Interactive Brokers Group Price Performance

IBKR stock traded down $4.17 during trading hours on Tuesday, reaching $176.00. The stock had a trading volume of 1,544,252 shares, compared to its average volume of 1,022,147. The stock has a market capitalization of $74.36 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85. The stock has a 50-day simple moving average of $165.92 and a 200 day simple moving average of $138.67. Interactive Brokers Group, Inc. has a fifty-two week low of $78.93 and a fifty-two week high of $193.42.

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 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business posted $1.55 EPS. On average, sell-side analysts forecast 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. Shareholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend 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.