Hennion & Walsh Asset Management Inc. Lowers Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Hennion & Walsh Asset Management Inc. trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,317 shares of the financial services provider’s stock after selling 88 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Interactive Brokers Group were worth $602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBKR. Tortoise Investment Management LLC grew its position in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in shares of Interactive Brokers Group in the second quarter worth about $32,000. UMB Bank n.a. boosted its stake in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after buying an additional 224 shares during the last quarter. Bessemer Group Inc. grew its holdings in Interactive Brokers Group by 389.9% during the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock valued at $70,000 after buying an additional 503 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $81,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Up 2.6 %

Shares of Interactive Brokers Group stock opened at $150.99 on Tuesday. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $154.75. The firm’s 50 day simple moving average is $136.28 and its two-hundred day simple moving average is $126.00. The firm has a market capitalization of $63.58 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.15 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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 4.82% and a net margin of 7.89%. During the same period last year, the company posted $1.55 earnings per share. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.89 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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 paid a $0.25 dividend. 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 0.66%. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

Analysts Set New Price Targets

IBKR has been the subject of a number of research reports. Barclays lowered their target price 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. UBS Group increased 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. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. 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. Finally, Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.