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

Charles Schwab Investment Management Inc. grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 799,423 shares of the financial services provider’s stock after purchasing an additional 17,195 shares during the period. Charles Schwab Investment Management Inc. owned about 0.19% of Interactive Brokers Group worth $111,408,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in Interactive Brokers Group by 172.1% during the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after acquiring an additional 7,884 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Interactive Brokers Group by 9.9% in the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after buying an additional 9,858 shares in the last quarter. Aurora Investment Counsel purchased a new stake in Interactive Brokers Group during the third quarter worth about $1,693,000. Versor Investments LP purchased a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $474,000. Finally, Waverton Investment Management Ltd acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at $26,946,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

IBKR opened at $190.98 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $193.42. The stock has a market cap of $80.69 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.50 and a beta of 0.79. The stock’s 50 day simple moving average is $155.31 and its 200 day simple moving average is $134.11.

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 for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.32 billion. During the same quarter in the prior 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IBKR shares. Barclays decreased 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 report on Wednesday, October 16th. UBS Group lifted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group raised their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report 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’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.