Two Sigma Advisers LP Acquires 59,600 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Two Sigma Advisers LP lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 246.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,800 shares of the financial services provider's stock after acquiring an additional 59,600 shares during the quarter. Two Sigma Advisers LP's holdings in Interactive Brokers Group were worth $11,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Interactive Brokers Group by 1.7% during 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 buying an additional 52,911 shares during the last quarter. Greenwich Wealth Management LLC increased its holdings in Interactive Brokers Group by 0.3% during the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock valued at $365,271,000 after buying an additional 8,038 shares during the last quarter. Marshall Wace LLP increased its holdings in Interactive Brokers Group by 23.8% during the second 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 last quarter. FMR LLC increased its holdings in Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock valued at $152,543,000 after buying an additional 119,187 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider's stock valued at $132,655,000 after buying an additional 1,004,289 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Down 2.3 %

Shares of NASDAQ:IBKR traded down $4.17 during midday trading on Tuesday, reaching $176.00. 1,544,229 shares of the company were exchanged, compared to its average volume of 1,022,147. The business's fifty day moving average is $165.92 and its two-hundred day moving average is $138.67. Interactive Brokers Group, Inc. has a one year low of $78.93 and a one year high of $193.42. The stock has a market cap 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.

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 analysts' consensus estimates 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 company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $1.55 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Interactive Brokers Group's dividend payout ratio is 15.27%.

Wall Street Analyst Weigh In

A number of analysts have commented on IBKR shares. Piper Sandler reaffirmed an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays upped their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a report on Monday. Jefferies Financial Group increased their price objective 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. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Finally, UBS Group increased 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 note on Tuesday, October 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.13.

About Interactive Brokers Group

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.