Charles Schwab Investment Management Inc. Increases Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Charles Schwab Investment Management Inc. boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 799,423 shares of the financial services provider’s stock after acquiring an additional 17,195 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Interactive Brokers Group were worth $111,408,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC grew 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 purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in Interactive Brokers Group in the 2nd quarter valued at about $32,000. UMB Bank n.a. lifted its holdings in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the period. Smithfield Trust Co boosted its position in shares of Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Interactive Brokers Group in the third quarter valued at approximately $49,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

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 PEG ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $193.42. The business has a 50-day moving average of $155.31 and a 200-day moving average of $134.11.

Interactive Brokers Group (NASDAQ:IBKR) last issued 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 4.83%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $1.55 EPS. Research analysts expect that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. UBS Group increased their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Barclays lowered 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. Finally, Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.00.

About Interactive Brokers Group

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.