Inspire Advisors LLC Sells 877 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Inspire Advisors LLC decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,142 shares of the financial services provider’s stock after selling 877 shares during the period. Inspire Advisors LLC’s holdings in Interactive Brokers Group were worth $1,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rise Advisors LLC bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $30,000. Tortoise Investment Management LLC lifted its holdings in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after buying an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new position in Interactive Brokers Group in the second quarter worth about $32,000. Kapitalo Investimentos Ltda grew its position in Interactive Brokers Group by 278.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock valued at $40,000 after buying an additional 353 shares during the period. Finally, UMB Bank n.a. raised its holdings in Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded down $0.52 on Friday, reaching $148.91. The company’s stock had a trading volume of 245,576 shares, compared to its average volume of 1,011,926. The stock’s 50-day moving average is $132.12 and its two-hundred day moving average is $124.08. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $154.75. The stock has a market capitalization of $62.70 billion, a P/E ratio of 25.54, a PEG ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last issued 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). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. During the same period in the prior year, the firm posted $1.55 earnings per share. Equities analysts forecast that Interactive Brokers Group, Inc. will post 6.92 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

Analysts Set New Price Targets

IBKR has been the subject of a number of research reports. Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Piper Sandler reissued an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday. 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 report on Wednesday. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their target price for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, UBS Group upped their price target 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.00.

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.