TimesSquare Capital Management LLC Has $49.35 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

TimesSquare Capital Management LLC cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 14.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,105 shares of the financial services provider's stock after selling 62,160 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.08% of Interactive Brokers Group worth $49,348,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tortoise Investment Management LLC boosted its position in Interactive Brokers Group by 76.6% during the second 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 during the last quarter. Fairfield Financial Advisors LTD bought a new position in shares of Interactive Brokers Group in the second quarter valued at $32,000. UMB Bank n.a. raised its position in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock worth $40,000 after acquiring an additional 224 shares in the last quarter. DT Investment Partners LLC grew its position in shares of 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 valued at $54,000 after acquiring an additional 146 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Interactive Brokers Group by 389.9% in the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 503 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR traded up $3.07 during mid-day trading on Friday, reaching $169.74. 853,999 shares of the company's stock were exchanged, compared to its average volume of 979,820. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $173.09. The business's fifty day simple moving average is $142.38 and its two-hundred day simple moving average is $128.92. The firm has a market capitalization of $71.47 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.33 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate 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 4.82% and a net margin of 7.89%. During the same period in the prior year, the business posted $1.55 earnings per share. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 6.9 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. Stockholders of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Interactive Brokers Group's payout ratio is 15.27%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of research analyst reports. Barclays reduced their price target on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Jefferies Financial Group boosted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, October 4th. UBS Group raised their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.

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.