Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 88.7% in the third quarter, Holdings Channel reports. The institutional investor owned 32,511 shares of the financial services provider’s stock after buying an additional 15,278 shares during the period. Intech Investment Management LLC’s holdings in Interactive Brokers Group were worth $4,531,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC lifted its position in Interactive Brokers Group by 3.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 97 shares during the period. Boston Financial Mangement LLC raised its stake in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock worth $272,000 after buying an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Interactive Brokers Group by 5.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock valued at $280,000 after buying an additional 107 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Interactive Brokers Group by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider’s stock valued at $441,000 after buying an additional 110 shares in the last quarter. Finally, Tortoise Investment Management LLC grew 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 worth $31,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research analyst reports. Barclays decreased their target price 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 boosted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group increased their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Piper Sandler reissued an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $143.00.

Read Our Latest Report on IBKR

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $191.62 on Friday. The firm’s 50-day moving average is $154.06 and its two-hundred day moving average is $133.41. The company has a market capitalization of $80.96 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.45 and a beta of 0.79. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $193.21.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last posted its earnings results 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). The company 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 period in the previous year, the company posted $1.55 EPS. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed 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 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s payout ratio is currently 15.27%.

Interactive Brokers Group Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.