Connor Clark & Lunn Investment Management Ltd. Acquires 37,549 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Connor Clark & Lunn Investment Management Ltd. raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 443.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,018 shares of the financial services provider’s stock after purchasing an additional 37,549 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Interactive Brokers Group were worth $6,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. O Shaughnessy Asset Management LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter valued at approximately $356,000. Bessemer Group Inc. raised its holdings in shares of Interactive Brokers Group by 389.9% in the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 503 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Interactive Brokers Group by 1.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 60,368 shares of the financial services provider’s stock worth $6,743,000 after purchasing an additional 660 shares during the period. Advisors Asset Management Inc. lifted its stake in Interactive Brokers Group by 607.8% in the first quarter. Advisors Asset Management Inc. now owns 1,720 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 1,477 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Interactive Brokers Group in the first quarter valued at $198,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $191.62 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $193.21. The company has a market capitalization of $80.96 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.45 and a beta of 0.79. The firm’s 50 day simple moving average is $154.06 and its 200 day simple moving average is $133.41.

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

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s payout ratio is currently 15.27%.

Analysts Set New Price Targets

A number of brokerages recently commented on IBKR. Piper Sandler restated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Jefferies Financial Group lifted their price target 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. Barclays cut their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, 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 report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus 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.