Wellington Management Group LLP Sells 32,831 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wellington Management Group LLP trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 64.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,894 shares of the financial services provider's stock after selling 32,831 shares during the period. Wellington Management Group LLP's holdings in Interactive Brokers Group were worth $2,494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Fifth Third Wealth Advisors LLC acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at approximately $436,000. Griffin Asset Management Inc. acquired a new stake in shares of Interactive Brokers Group in the second quarter worth $436,000. &PARTNERS bought a new position in Interactive Brokers Group during the second quarter worth $533,000. New York State Teachers Retirement System raised its stake in Interactive Brokers Group by 1.8% during the 2nd quarter. New York State Teachers Retirement System now owns 69,893 shares of the financial services provider's stock valued at $8,569,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Interactive Brokers Group by 0.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 71,343 shares of the financial services provider's stock valued at $8,747,000 after purchasing an additional 341 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on IBKR shares. Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Barclays boosted their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Piper Sandler reiterated an "overweight" rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Finally, UBS Group upped their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.13.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded down $5.11 during midday trading on Wednesday, hitting $173.79. 946,468 shares of the company were exchanged, compared to its average volume of 1,019,489. The firm has a 50 day simple moving average of $170.53 and a 200-day simple moving average of $141.08. Interactive Brokers Group, Inc. has a 52 week low of $80.83 and a 52 week high of $193.42. The firm has a market cap of $73.43 billion, a P/E ratio of 26.53, a PEG ratio of 1.42 and a beta of 0.85.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate 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 business posted $1.55 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group's dividend payout ratio is presently 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.