Sumitomo Mitsui Trust Group Inc. Makes New $83.63 Million Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sumitomo Mitsui Trust Group Inc. bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 600,104 shares of the financial services provider's stock, valued at approximately $83,630,000. Sumitomo Mitsui Trust Group Inc. owned about 0.14% of Interactive Brokers Group at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Tortoise Investment Management LLC increased its holdings 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 worth $31,000 after buying an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD bought a new position in Interactive Brokers Group during the second quarter valued at approximately $32,000. UMB Bank n.a. boosted its holdings in 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 worth $40,000 after purchasing an additional 224 shares during the last quarter. DT Investment Partners LLC grew its position in Interactive Brokers Group by 60.1% in the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider's stock worth $54,000 after purchasing an additional 146 shares during the period. Finally, Mendota Financial Group LLC purchased a new stake in Interactive Brokers Group during the 3rd quarter valued at $81,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Barclays dropped their price objective 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. Finally, UBS Group increased 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target of $143.00.

Interactive Brokers Group Trading Up 1.3 %

Interactive Brokers Group stock traded up $2.31 during mid-day trading on Friday, hitting $180.21. The stock had a trading volume of 1,261,418 shares, compared to its average volume of 1,007,566. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $181.21. The firm has a market capitalization of $75.88 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.40 and a beta of 0.79. The firm's 50 day moving average is $147.69 and its 200 day moving average is $131.01.

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 analysts' consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion during 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 period last year, the company earned $1.55 EPS. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's 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.