Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Holdings Lessened by LRI Investments LLC

LRI Investments LLC reduced its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,646 shares of the financial services provider’s stock after selling 63 shares during the quarter. LRI Investments LLC’s holdings in Interactive Brokers Group were worth $229,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IBKR. Millennium Management LLC lifted its position in shares of Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth about $83,630,000. Marshall Wace LLP lifted its position in shares of 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 buying an additional 481,826 shares during the last quarter. Waverton Investment Management Ltd bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth about $26,946,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on IBKR shares. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays lifted their price objective on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group lifted their price objective 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. Finally, Jefferies Financial Group lifted their price objective 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Interactive Brokers Group Trading Down 3.6 %

IBKR stock opened at $180.17 on Tuesday. Interactive Brokers Group, Inc. has a 52 week low of $78.93 and a 52 week high of $193.42. The company has a market capitalization of $76.13 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.85. The firm’s 50-day moving average is $165.92 and its two-hundred day moving average is $138.67.

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

Interactive Brokers Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

About Interactive Brokers Group

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.