Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,282 shares of the financial services provider’s stock after purchasing an additional 140 shares during the period. Nisa Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $179,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IBKR shares. Barclays decreased their price objective 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. 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. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, UBS Group lifted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $171.69 on Thursday. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $173.09. The firm has a 50 day simple moving average of $139.86 and a 200-day simple moving average of $127.86. The firm has a market cap of $72.30 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 1.19 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.82%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $1.55 EPS. Equities analysts predict that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 0.58%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

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.