Aurora Investment Counsel Takes $1.69 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Aurora Investment Counsel bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,146 shares of the financial services provider’s stock, valued at approximately $1,693,000.

Other large investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $32,000. UMB Bank n.a. increased its position 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 valued at $40,000 after acquiring an additional 224 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $49,000. Finally, DT Investment Partners LLC increased its position in shares of Interactive Brokers Group by 60.1% during the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 146 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on IBKR. UBS Group raised their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler reissued an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Barclays reduced their price target on shares of 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $187.86 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $189.00. The firm has a fifty day moving average price of $151.43 and a 200-day moving average price of $132.52. The company has a market cap of $79.37 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.45 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (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 4.83%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.55 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.25 per share. 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 (DPR) is 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.