Ground Swell Capital LLC Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Ground Swell Capital LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,595 shares of the financial services provider’s stock, valued at approximately $222,000.

A number of other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in shares of Interactive Brokers Group by 30.3% in the first quarter. BNP Paribas Financial Markets now owns 57,877 shares of the financial services provider’s stock valued at $6,465,000 after buying an additional 13,444 shares during the period. Janney Montgomery Scott LLC raised its position in Interactive Brokers Group by 2.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 71,746 shares of the financial services provider’s stock worth $8,015,000 after purchasing an additional 1,709 shares during the last quarter. Tobam acquired a new position in Interactive Brokers Group during the 1st quarter worth about $93,000. Fidelis Capital Partners LLC acquired a new stake in shares of Interactive Brokers Group during the first quarter worth $132,000. Finally, FORA Capital LLC acquired a new stake in shares of Interactive Brokers Group during the first quarter worth $404,000. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBKR has been the subject of several recent analyst reports. Barclays decreased their price objective 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. Piper Sandler restated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. UBS Group raised their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group raised 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $153.78 on Monday. The firm has a market cap of $64.75 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 1.18 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $154.75. The firm’s 50-day simple moving average is $138.72 and its two-hundred day simple moving average is $127.12.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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). The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. During the same period in the prior year, the firm posted $1.55 EPS. Analysts forecast that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 0.65%. Interactive Brokers Group’s payout ratio is 15.27%.

Interactive Brokers Group 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.