Heritage Oak Wealth Advisors LLC Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Heritage Oak Wealth Advisors LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,387 shares of the financial services provider’s stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Greenwich Wealth Management LLC increased its holdings in Interactive Brokers Group by 0.3% in the second 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. increased its holdings in shares of 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 acquiring an additional 264,543 shares during the last quarter. Marshall Wace LLP raised its position in shares of Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after acquiring an additional 481,826 shares in the last quarter. Millennium Management LLC raised its position in shares of Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after acquiring an additional 1,004,289 shares in the last quarter. Finally, Bamco Inc. NY lifted its stake in Interactive Brokers Group by 3.7% during the first quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider’s stock worth $85,455,000 after purchasing an additional 27,434 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $148.20 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $154.75. The firm has a 50-day simple moving average of $135.17 and a 200-day simple moving average of $125.31. The company has a market capitalization of $62.40 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data 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 7.88% and a return on equity of 4.88%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $1.55 earnings per share. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 6.92 EPS for the current 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their target price for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Barclays reduced their price target on shares of 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. Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group lifted their target price on 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 analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, 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.