Sumitomo Mitsui DS Asset Management Company Ltd Buys New Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,265 shares of the financial services provider’s stock, valued at approximately $3,521,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBKR. Tortoise Investment Management LLC increased its position in shares of Interactive Brokers Group by 76.6% in the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after buying an additional 111 shares in the last quarter. Insight Wealth Strategies LLC increased its holdings in Interactive Brokers Group by 0.7% in the 3rd quarter. Insight Wealth Strategies LLC now owns 18,686 shares of the financial services provider’s stock worth $2,604,000 after acquiring an additional 125 shares in the last quarter. Oliver Luxxe Assets LLC raised its position in Interactive Brokers Group by 1.8% during the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 126 shares during the period. QRG Capital Management Inc. lifted its holdings in Interactive Brokers Group by 2.8% during the second quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 131 shares in the last quarter. Finally, Thrive Wealth Management LLC grew its position in shares of Interactive Brokers Group by 6.0% in the second quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

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

Interactive Brokers Group Trading Down 0.4 %

Shares of IBKR opened at $148.81 on Monday. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $154.75. The firm has a market capitalization of $62.66 billion, a P/E ratio of 25.44, a P/E/G ratio of 1.34 and a beta of 0.80. The firm has a 50-day moving average price of $132.77 and a 200 day moving average price of $124.40.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Equities research analysts predict that Interactive Brokers Group, Inc. will post 6.92 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.67%. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

Interactive Brokers Group 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.