UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 24,750 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 262,200 shares of the financial services provider's stock after selling 24,750 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.06% of Interactive Brokers Group worth $36,540,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Greenwich Wealth Management LLC lifted its position in Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock valued at $365,271,000 after acquiring an additional 8,038 shares in the last quarter. Marshall Wace LLP boosted its position in shares of 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% in the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock worth $152,543,000 after buying an additional 119,187 shares in the last quarter. Millennium Management LLC raised its position in Interactive Brokers Group by 1,292.1% in the 2nd 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 during the last quarter. Finally, Bronte Capital Management Pty Ltd. lifted its stake in Interactive Brokers Group by 2.9% during the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider's stock valued at $116,174,000 after acquiring an additional 23,828 shares during the period. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on IBKR. UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Barclays dropped their price target 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. Piper Sandler reissued an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. The Goldman Sachs Group raised their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus target price of $160.00.

Interactive Brokers Group Stock Performance

Shares of IBKR traded down $1.12 during mid-day trading on Wednesday, reaching $185.77. The stock had a trading volume of 801,150 shares, compared to its average volume of 1,014,297. The firm has a market cap of $78.49 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.45 and a beta of 0.85. The business has a fifty day moving average of $162.12 and a 200 day moving average of $136.99. Interactive Brokers Group, Inc. has a 12 month low of $78.14 and a 12 month high of $193.42.

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 (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. 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 previous year, the business earned $1.55 EPS. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. Interactive Brokers Group's dividend payout ratio is currently 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.