Venturi Wealth Management LLC Raises Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Venturi Wealth Management LLC increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 31.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,377 shares of the financial services provider’s stock after buying an additional 1,050 shares during the period. Venturi Wealth Management LLC’s holdings in Interactive Brokers Group were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBKR. SG Americas Securities LLC increased its position in Interactive Brokers Group by 172.1% in the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after purchasing an additional 7,884 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Interactive Brokers Group by 9.9% in the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock worth $12,173,000 after buying an additional 9,858 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of Interactive Brokers Group by 200.5% during the 1st quarter. Edgestream Partners L.P. now owns 16,799 shares of the financial services provider’s stock valued at $1,877,000 after buying an additional 11,208 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Interactive Brokers Group by 141.7% in the 1st quarter. Cetera Investment Advisers now owns 42,048 shares of the financial services provider’s stock valued at $4,697,000 after acquiring an additional 24,648 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Interactive Brokers Group by 143.0% in the first quarter. Tidal Investments LLC now owns 28,225 shares of the financial services provider’s stock worth $3,146,000 after acquiring an additional 16,609 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IBKR shares. Piper Sandler restated an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. UBS Group increased their target price 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. Barclays cut their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Jefferies Financial Group raised their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock 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. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Stock Up 0.0 %

IBKR opened at $179.55 on Wednesday. The stock’s fifty day moving average is $144.44 and its two-hundred day moving average is $129.90. The company has a market capitalization of $75.60 billion, a P/E ratio of 27.41, a PEG ratio of 1.31 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 posted its 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 4.82%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business posted $1.55 EPS. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.56%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

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.