Stephens Inc. AR Has $288,000 Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Stephens Inc. AR decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 92.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,070 shares of the financial services provider's stock after selling 24,930 shares during the period. Stephens Inc. AR's holdings in Interactive Brokers Group were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of IBKR. Millennium Management LLC raised its stake in 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 worth $132,655,000 after buying an additional 1,004,289 shares in the last quarter. Marshall Wace LLP raised its position 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 buying an additional 481,826 shares during the period. Bares Capital Management Inc. increased its stake in Interactive Brokers Group by 10.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock worth $313,920,000 after buying an additional 264,543 shares during the period. Allspring Global Investments Holdings LLC increased its stake in 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 valued at $36,004,000 after purchasing an additional 187,010 shares during the period. Finally, Scout Investments Inc. acquired a new stake in shares of Interactive Brokers Group in the 1st quarter worth $18,335,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. UBS Group lifted their price objective 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. Piper Sandler reissued an "overweight" rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, Barclays lowered their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $143.00.

Interactive Brokers Group Stock Performance

IBKR stock traded up $4.52 during midday trading on Friday, reaching $171.19. The company's stock had a trading volume of 451,661 shares, compared to its average volume of 1,000,873. The stock has a fifty day simple moving average of $141.56 and a two-hundred day simple moving average of $128.43. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $173.09. The firm has a market capitalization of $72.08 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.19 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results 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 4.82% and a net margin of 7.89%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. 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.