Empower Advisory Group LLC Has $95.48 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Empower Advisory Group LLC raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 685,135 shares of the financial services provider’s stock after purchasing an additional 7,393 shares during the period. Empower Advisory Group LLC owned 0.16% of Interactive Brokers Group worth $95,480,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC increased its position in Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after buying an additional 111 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group during the second quarter worth about $32,000. UMB Bank n.a. increased its stake in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares during the period. DT Investment Partners LLC raised its holdings in Interactive Brokers Group by 60.1% in the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 146 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in shares of Interactive Brokers Group in the 3rd quarter worth approximately $81,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR opened at $179.55 on Wednesday. The company has a fifty day moving average price of $144.44 and a two-hundred day moving average price of $129.90. The firm has a market capitalization of $75.60 billion, a PE ratio of 27.41, a P/E/G ratio of 1.41 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $181.21.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $1.55 earnings per share. Equities analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their target price 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. Barclays lowered their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. UBS Group raised 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. Finally, Piper Sandler reiterated an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.00.

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.