Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,242 shares of the financial services provider’s stock after selling 369 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Interactive Brokers Group were worth $1,845,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Griffin Asset Management Inc. purchased a new position in Interactive Brokers Group in the second quarter worth $436,000. &PARTNERS bought a new position in shares of Interactive Brokers Group in the 2nd quarter worth about $533,000. New York State Teachers Retirement System boosted its holdings in shares of Interactive Brokers Group by 1.8% during the second 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 acquiring an additional 1,245 shares during the period. Allspring Global Investments Holdings LLC lifted its position 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 last quarter. Finally, Atomi Financial Group Inc. increased its position in Interactive Brokers Group by 43.9% in the 2nd quarter. Atomi Financial Group Inc. now owns 5,177 shares of the financial services provider’s stock valued at $635,000 after acquiring an additional 1,580 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBKR has been the topic of several research analyst reports. UBS Group lifted 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. Jefferies Financial Group upped their price objective 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. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Barclays boosted their price objective on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Interactive Brokers Group Stock Up 1.0 %

IBKR traded up $1.81 during trading on Thursday, reaching $175.60. 465,707 shares of the company were exchanged, compared to its average volume of 1,017,193. Interactive Brokers Group, Inc. has a 12-month low of $80.92 and a 12-month high of $193.42. The company has a market cap of $74.20 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 1.42 and a beta of 0.85. The company’s 50-day moving average is $170.53 and its two-hundred day moving average is $141.08.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS 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 business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business posted $1.55 earnings per share. Equities analysts forecast 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 was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.25 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

About Interactive Brokers Group

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.