7,075 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Bought by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, Holdings Channel.com reports. The fund bought 7,075 shares of the financial services provider’s stock, valued at approximately $986,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBKR. Tortoise Investment Management LLC grew its holdings in Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group in the second quarter worth about $32,000. UMB Bank n.a. grew its stake in shares of 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 worth $40,000 after acquiring an additional 224 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Interactive Brokers Group during the third quarter valued at about $49,000. Finally, DT Investment Partners LLC increased its stake in Interactive Brokers Group by 60.1% during the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IBKR shares. Piper Sandler reissued an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays dropped their price objective 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. UBS Group increased their price target 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, Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Trading Up 1.3 %

Shares of IBKR stock opened at $187.86 on Thursday. The company has a market capitalization of $79.37 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.45 and a beta of 0.79. The business’s 50 day moving average is $151.43 and its two-hundred day moving average is $132.52. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $189.00.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company earned $1.55 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio 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.