Advisors Asset Management Inc. Acquires 957 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Advisors Asset Management Inc. boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 34.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,744 shares of the financial services provider’s stock after acquiring an additional 957 shares during the quarter. Advisors Asset Management Inc.’s holdings in Interactive Brokers Group were worth $522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also 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 second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after buying an additional 7,884 shares during the last quarter. Janus Henderson Group PLC grew its stake in Interactive Brokers Group by 9.9% during the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock worth $12,173,000 after buying an additional 9,858 shares during the last quarter. Versor Investments LP bought a new stake in Interactive Brokers Group during the third quarter worth about $474,000. Waverton Investment Management Ltd bought a new stake in Interactive Brokers Group during the third quarter worth about $26,946,000. Finally, Cetera Investment Advisers grew its stake in Interactive Brokers Group by 141.7% during the first quarter. Cetera Investment Advisers now owns 42,048 shares of the financial services provider’s stock worth $4,697,000 after buying an additional 24,648 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IBKR. Jefferies Financial Group upped 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. Barclays lowered their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. 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 note on Tuesday, October 8th. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $191.31 on Thursday. The firm’s 50-day moving average is $156.53 and its 200-day moving average is $134.62. The stock has a market cap of $80.83 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period in the prior year, the company earned $1.55 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal 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 given a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. Interactive Brokers Group’s payout ratio is presently 15.27%.

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.