Dynamic Technology Lab Private Ltd Makes New $586,000 Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Dynamic Technology Lab Private Ltd purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, Holdings Channel reports. The firm purchased 4,208 shares of the financial services provider’s stock, valued at approximately $586,000.

A number of other hedge funds also recently made changes to their positions in IBKR. Tortoise Investment Management LLC grew its holdings in Interactive Brokers Group by 76.6% in 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 in the last quarter. Fairfield Financial Advisors LTD acquired a new position in Interactive Brokers Group during the 2nd quarter worth $32,000. UMB Bank n.a. grew its stake in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. Smithfield Trust Co increased its holdings in shares of Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 154 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Interactive Brokers Group during the third quarter valued at about $49,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $191.31 on Friday. The stock has a market capitalization 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 1-year low of $72.60 and a 1-year high of $193.42. The company has a 50 day moving average price of $157.75 and a 200 day moving average price of $135.01.

Interactive Brokers Group (NASDAQ:IBKR) last issued 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 return on equity of 4.83% and a net margin of 7.89%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business posted $1.55 EPS. On average, sell-side 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. Stockholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend 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 dividend payout ratio is currently 15.27%.

Analysts Set New Price Targets

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

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.