US Bancorp DE Sells 503 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

US Bancorp DE decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,618 shares of the financial services provider’s stock after selling 503 shares during the quarter. US Bancorp DE’s holdings in Interactive Brokers Group were worth $2,595,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC boosted its holdings in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after buying an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth about $32,000. UMB Bank n.a. boosted 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 buying an additional 224 shares during the period. DT Investment Partners LLC boosted its holdings in shares of Interactive Brokers Group by 60.1% during the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock worth $54,000 after buying an additional 146 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Interactive Brokers Group by 389.9% during the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock worth $70,000 after buying an additional 503 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IBKR. UBS Group lifted 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. Barclays dropped their price objective on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company 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 stock from $128.00 to $135.00 in a research note on Thursday, July 11th. Piper Sandler reiterated an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group lifted their price objective on shares of 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 equities research 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 price target of $143.00.

Check Out Our Latest Research Report on IBKR

Interactive Brokers Group Trading Up 0.6 %

Shares of NASDAQ:IBKR opened at $154.91 on Wednesday. The firm has a 50 day moving average of $139.31 and a 200-day moving average of $127.55. The stock has a market capitalization of $65.23 billion, a PE ratio of 23.65, a PEG ratio of 1.19 and a beta of 0.79. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $156.99.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS 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 7.89% and a return on equity of 4.82%. During the same quarter in the previous year, the firm posted $1.55 earnings per share. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given 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 dividend payout ratio is 15.27%.

Interactive Brokers Group Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.