Verition Fund Management LLC Grows Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Verition Fund Management LLC increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 84.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 203,420 shares of the financial services provider's stock after buying an additional 93,298 shares during the quarter. Verition Fund Management LLC's holdings in Interactive Brokers Group were worth $28,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Townsquare Capital LLC grew its position in shares of Interactive Brokers Group by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider's stock valued at $760,000 after buying an additional 67 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in Interactive Brokers Group by 3.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider's stock valued at $383,000 after acquiring an additional 97 shares during the last quarter. Boston Financial Mangement LLC increased its position in Interactive Brokers Group by 5.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 100 shares during the period. First Citizens Bank & Trust Co. raised its holdings in Interactive Brokers Group by 5.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider's stock worth $280,000 after purchasing an additional 107 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Interactive Brokers Group by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider's stock worth $441,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 0.0 %

IBKR stock traded up $0.03 during trading on Friday, reaching $191.09. 576,680 shares of the stock were exchanged, compared to its average volume of 1,011,490. The firm's 50 day moving average is $160.09 and its 200 day moving average is $135.90. The firm has a market cap of $80.74 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a twelve month low of $76.89 and a twelve month high of $193.42.

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 firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $1.55 earnings per share. As a group, analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's dividend payout ratio is currently 15.27%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IBKR shares. 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 report on Tuesday, October 8th. Piper Sandler reaffirmed an "overweight" rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Jefferies Financial Group lifted 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 cut their target price on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

Interactive Brokers Group 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.