XTX Topco Ltd Boosts Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

XTX Topco Ltd increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 559.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,601 shares of the financial services provider's stock after buying an additional 14,084 shares during the period. XTX Topco Ltd's holdings in Interactive Brokers Group were worth $2,314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IBKR. Townsquare Capital LLC raised 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 acquiring an additional 67 shares during the period. Prime Capital Investment Advisors LLC raised 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 worth $383,000 after purchasing an additional 97 shares during the period. Boston Financial Mangement LLC boosted its position in shares of Interactive Brokers Group by 5.4% during the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider's stock worth $272,000 after purchasing an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Interactive Brokers Group by 5.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider's stock valued at $280,000 after buying an additional 107 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Interactive Brokers Group by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider's stock valued at $441,000 after buying an additional 110 shares during the period. 23.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of research analyst reports. UBS Group boosted 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. Barclays decreased their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Piper Sandler restated an "overweight" rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Finally, Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $160.00.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded up $0.06 during trading on Friday, hitting $186.96. The company's stock had a trading volume of 964,798 shares, compared to its average volume of 1,118,056. The stock has a market cap of $78.99 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85. Interactive Brokers Group, Inc. has a 52 week low of $78.93 and a 52 week high of $193.42. The stock has a 50-day moving average price of $165.11 and a two-hundred day moving average price of $138.18.

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 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.53%. Interactive Brokers Group's payout ratio is currently 15.27%.

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.