Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,651 shares of the financial services provider’s stock after selling 7,881 shares during the period. Victory Capital Management Inc.’s holdings in Interactive Brokers Group were worth $23,085,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IBKR. Cumberland Partners Ltd increased its holdings in Interactive Brokers Group by 30.8% during the 3rd quarter. Cumberland Partners Ltd now owns 8,500 shares of the financial services provider’s stock worth $1,185,000 after purchasing an additional 2,000 shares during the period. Prime Capital Investment Advisors LLC increased its holdings in Interactive Brokers Group by 3.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 97 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Interactive Brokers Group during the 3rd quarter worth about $83,630,000. Bronte Capital Management Pty Ltd. increased its holdings in Interactive Brokers Group by 2.9% during the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider’s stock worth $116,174,000 after purchasing an additional 23,828 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Interactive Brokers Group by 16.1% during the 3rd quarter. GSA Capital Partners LLP now owns 10,560 shares of the financial services provider’s stock worth $1,472,000 after purchasing an additional 1,463 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 1.3 %

NASDAQ:IBKR opened at $182.61 on Tuesday. The stock’s 50 day moving average price is $148.86 and its 200 day moving average price is $131.67. The company has a market capitalization of $76.89 billion, a PE ratio of 27.88, a P/E/G ratio of 1.41 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $183.01.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly 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 firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $1.55 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Interactive Brokers Group’s payout ratio is 15.27%.

Analysts Set New Price Targets

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

Interactive Brokers Group Company 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.