International Assets Investment Management LLC Purchases 148,055 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

International Assets Investment Management LLC increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 13,967.5% during the third quarter, HoldingsChannel.com reports. The firm owned 149,115 shares of the financial services provider’s stock after buying an additional 148,055 shares during the period. International Assets Investment Management LLC’s holdings in Interactive Brokers Group were worth $20,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Greenwich Wealth Management LLC lifted its holdings in Interactive Brokers Group by 0.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after purchasing an additional 8,038 shares in the last quarter. Bares Capital Management Inc. lifted its holdings in Interactive Brokers Group by 10.4% during 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 in the last quarter. Marshall Wace LLP raised its holdings 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 valued at $307,365,000 after acquiring an additional 481,826 shares in the last quarter. Millennium Management LLC raised its holdings 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 valued at $132,655,000 after acquiring an additional 1,004,289 shares in the last quarter. Finally, Bamco Inc. NY raised its holdings in shares of Interactive Brokers Group by 3.7% in the 1st quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider’s stock valued at $85,455,000 after acquiring an additional 27,434 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.2 %

Shares of Interactive Brokers Group stock opened at $152.84 on Wednesday. The firm has a market capitalization of $64.36 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.15 and a beta of 0.80. The business’s 50-day moving average price is $136.92 and its 200-day moving average price is $126.30. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $154.75.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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 the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. As a group, analysts predict that Interactive Brokers Group, Inc. will post 6.89 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.65%. Interactive Brokers Group’s payout ratio is 17.09%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays lowered their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group raised their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price target for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, UBS Group raised their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

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.