Mawer Investment Management Ltd. Increases Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Mawer Investment Management Ltd. lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,057 shares of the financial services provider’s stock after acquiring an additional 3,652 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Interactive Brokers Group were worth $16,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC increased its holdings in Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after buying an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new stake in Interactive Brokers Group during the 2nd quarter valued at $32,000. UMB Bank n.a. increased its holdings in shares of Interactive Brokers Group by 350.0% in the 3rd 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 position in shares of 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 worth $54,000 after acquiring an additional 146 shares in the last quarter. Finally, Huntington National Bank lifted its stake in shares of Interactive Brokers Group by 445.5% during the 3rd quarter. Huntington National Bank now owns 420 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 343 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on IBKR shares. UBS Group lifted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Jefferies Financial Group lifted their target price on 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, Barclays cut their target price 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Price Performance

NASDAQ:IBKR traded up $0.81 during trading hours on Monday, reaching $181.02. The company had a trading volume of 44,045 shares, compared to its average volume of 1,003,250. The firm has a market cap of $76.22 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $181.86. The business’s 50 day moving average price is $147.69 and its 200-day moving average price is $131.23.

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 analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter last year, the firm earned $1.55 earnings per share. On average, analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 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.