AIA Group Ltd Has $2.55 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

AIA Group Ltd boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,300 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the period. AIA Group Ltd’s holdings in Interactive Brokers Group were worth $2,550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in IBKR. Greenwich Wealth Management LLC grew its stake in shares of Interactive Brokers Group by 0.3% in the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after acquiring an additional 8,038 shares during the last quarter. Bares Capital Management Inc. grew its position in Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after purchasing an additional 264,543 shares during the last quarter. Marshall Wace LLP grew its position in Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after purchasing an additional 1,004,289 shares during the period. Finally, Bamco Inc. NY raised its position in shares of Interactive Brokers Group by 3.7% during the first quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider’s stock valued at $85,455,000 after buying an additional 27,434 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays reduced their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. 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. Jefferies Financial Group boosted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, UBS Group raised their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One 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 has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Trading Up 1.8 %

NASDAQ IBKR opened at $169.74 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $173.09. The company has a 50 day moving average of $142.38 and a 200-day moving average of $128.82. The firm has a market cap of $71.47 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.33 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.82% 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, analysts forecast 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 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.