PFG Investments LLC Takes $464,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

PFG Investments LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,333 shares of the financial services provider’s stock, valued at approximately $464,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after purchasing an additional 1,004,289 shares during the period. Marshall Wace LLP increased its stake in Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after acquiring an additional 481,826 shares during the period. Bares Capital Management Inc. lifted its position in shares of 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 valued at $313,920,000 after acquiring an additional 264,543 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after purchasing an additional 187,010 shares in the last quarter. Finally, Scout Investments Inc. bought a new position in shares of Interactive Brokers Group in the first quarter worth $18,335,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Jefferies Financial Group upped their target price 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. UBS Group lifted their price target on 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 dropped their price objective 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $152.84 on Wednesday. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $154.75. The stock has a market capitalization of $64.36 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.15 and a beta of 0.80. The stock has a fifty day moving average of $136.92 and a 200-day moving average of $126.30.

Interactive Brokers Group (NASDAQ:IBKR) last issued its 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 during the quarter, compared to analyst estimates 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 in the previous year, the company earned $1.55 EPS. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 6.89 EPS for the current 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s payout ratio 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.