D.A. Davidson & CO. Sells 142 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

D.A. Davidson & CO. reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,290 shares of the financial services provider’s stock after selling 142 shares during the period. D.A. Davidson & CO.’s holdings in Interactive Brokers Group were worth $1,573,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IBKR. SG Americas Securities LLC grew its position in shares of Interactive Brokers Group by 172.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after buying an additional 7,884 shares during the last quarter. Aurora Investment Counsel bought a new stake in Interactive Brokers Group in the third quarter valued at $1,693,000. Versor Investments LP bought a new stake in Interactive Brokers Group in the third quarter valued at $474,000. Waverton Investment Management Ltd purchased a new position in Interactive Brokers Group during the 3rd quarter valued at $26,946,000. Finally, Cetera Investment Advisers raised its holdings in 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 worth $4,697,000 after purchasing an additional 24,648 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Trading Up 0.0 %

NASDAQ IBKR opened at $191.09 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $76.89 and a 12 month high of $193.42. The stock’s fifty day moving average price is $160.09 and its 200-day moving average price is $135.90. The stock has a market cap of $80.74 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $1.55 earnings per share. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. Interactive Brokers Group’s payout ratio is currently 15.27%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays reduced 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 research report on Wednesday, October 16th. Jefferies Financial Group upped their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Piper Sandler restated an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, UBS Group upped their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

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.