Thrivent Financial for Lutherans Cuts Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Thrivent Financial for Lutherans decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,569 shares of the financial services provider’s stock after selling 311 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Interactive Brokers Group were worth $3,563,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Greenwich Wealth Management LLC lifted its stake in Interactive Brokers Group by 0.3% during the second 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 during the last quarter. Marshall Wace LLP lifted its holdings in shares of Interactive Brokers Group by 23.8% during the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares during the period. Millennium Management LLC boosted its holdings in shares of Interactive Brokers Group by 1,292.1% in the second 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. Bronte Capital Management Pty Ltd. increased its position 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, Empower Advisory Group LLC raised its position in Interactive Brokers Group by 1.1% in the third quarter. Empower Advisory Group LLC now owns 685,135 shares of the financial services provider’s stock worth $95,480,000 after acquiring an additional 7,393 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 0.3 %

Shares of NASDAQ:IBKR opened at $190.98 on Tuesday. The company has a market capitalization of $80.69 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. The company has a 50 day moving average of $155.31 and a two-hundred day moving average of $134.11. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $193.42.

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 the consensus estimate 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 period last year, the firm earned $1.55 EPS. On average, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.25 dividend. 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 15.27%.

Analysts Set New Price Targets

Several research firms have weighed in on IBKR. Piper Sandler reissued an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. 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 research note on Friday, October 4th. UBS Group boosted their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Barclays lowered 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 report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.