W.G. Shaheen & Associates DBA Whitney & Co Boosts Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

W.G. Shaheen & Associates DBA Whitney & Co raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,545 shares of the financial services provider’s stock after buying an additional 1,047 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Interactive Brokers Group were worth $7,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC boosted its position in 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 valued at $365,271,000 after buying an additional 8,038 shares during 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 lifted its position in shares of Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares during the last quarter. Millennium Management LLC lifted its position in shares of Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after purchasing an additional 1,004,289 shares during the last quarter. Finally, Bronte Capital Management Pty Ltd. lifted its position in shares of Interactive Brokers Group by 2.9% during the third quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider’s stock worth $116,174,000 after purchasing an additional 23,828 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research analyst reports. Barclays reduced their price target on shares of 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. 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. UBS Group increased 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. Finally, Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Stock Up 1.3 %

IBKR opened at $182.61 on Tuesday. The firm has a market cap of $77.16 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $183.01. The company’s 50-day moving average price is $148.86 and its 200 day moving average price is $131.67.

Interactive Brokers Group (NASDAQ:IBKR) 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 return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company earned $1.55 EPS. Research analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Interactive Brokers Group’s 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.