ABLE Financial Group LLC Purchases New Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

ABLE Financial Group LLC purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,212 shares of the financial services provider’s stock, valued at approximately $308,000.

Several other hedge funds have also recently modified their holdings of the stock. Financial Strategies Group Inc. increased its stake in Interactive Brokers Group by 14.3% during the third quarter. Financial Strategies Group Inc. now owns 2,830 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 355 shares during the last quarter. AIA Group Ltd boosted its holdings in Interactive Brokers Group by 7.0% in the third quarter. AIA Group Ltd now owns 18,300 shares of the financial services provider’s stock valued at $2,550,000 after purchasing an additional 1,200 shares during the period. Summit Global Investments acquired a new position in shares of Interactive Brokers Group during the third quarter worth about $219,000. Hanseatic Management Services Inc. increased its holdings in Interactive Brokers Group by 5.7% in the third quarter. Hanseatic Management Services Inc. now owns 7,216 shares of the financial services provider’s stock valued at $1,006,000 after buying an additional 388 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of Interactive Brokers Group by 13.1% in the 3rd quarter. QRG Capital Management Inc. now owns 5,497 shares of the financial services provider’s stock valued at $766,000 after acquiring an additional 638 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Interactive Brokers Group Price Performance

NASDAQ:IBKR traded up $2.21 on Friday, reaching $168.88. The stock had a trading volume of 204,825 shares, compared to its average volume of 999,736. The company has a market cap of $71.11 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.19 and a beta of 0.79. The firm’s fifty day moving average is $141.56 and its two-hundred day moving average is $128.43. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $173.09.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $1.55 earnings per share. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 yield of 0.59%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio 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.