Waverton Investment Management Ltd Invests $26.95 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Waverton Investment Management Ltd purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 193,349 shares of the financial services provider's stock, valued at approximately $26,946,000.

Several other large investors also recently made changes to their positions in the stock. Greenwich Wealth Management LLC raised its holdings in shares of 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 worth $365,271,000 after buying an additional 8,038 shares in the last quarter. Bares Capital Management Inc. boosted its position in Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider's stock valued at $313,920,000 after buying an additional 264,543 shares during the last quarter. Marshall Wace LLP boosted its position in Interactive Brokers Group by 23.8% in the 2nd 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. Millennium Management LLC boosted 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 valued at $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in Interactive Brokers Group by 3.7% in the 1st quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider's stock valued at $85,455,000 after buying an additional 27,434 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of recent research reports. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Piper Sandler restated an "overweight" rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays reduced their price target 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. Finally, UBS Group raised their price target on 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $143.00.

Interactive Brokers Group Trading Up 0.0 %

Shares of NASDAQ:IBKR traded up $0.06 during trading on Tuesday, reaching $179.55. 1,053,435 shares of the stock were exchanged, compared to its average volume of 1,008,171. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $181.21. The firm has a market cap of $75.60 billion, a PE ratio of 27.40, a PEG ratio of 1.31 and a beta of 0.79. The stock has a 50-day moving average price of $143.39 and a 200-day moving average price of $129.45.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly 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 net margin of 7.89% and a return on equity of 4.82%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.56%. 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.