Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,348 shares of the financial services provider’s stock after buying an additional 811 shares during the quarter. Pathstone Holdings LLC’s holdings in Interactive Brokers Group were worth $1,721,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IBKR. Greenwich Wealth Management LLC grew its stake in shares of Interactive Brokers Group by 0.3% during the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after acquiring an additional 8,038 shares in the last quarter. Marshall Wace LLP boosted its holdings in Interactive Brokers Group by 23.8% in the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after purchasing an additional 481,826 shares during the last quarter. Millennium Management LLC grew its stake in Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after purchasing an additional 1,004,289 shares in the last quarter. Bronte Capital Management Pty Ltd. increased its holdings in Interactive Brokers Group by 2.9% during the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider’s stock worth $116,174,000 after purchasing an additional 23,828 shares during the last quarter. Finally, Empower Advisory Group LLC grew its position in shares of Interactive Brokers Group by 1.1% during the third quarter. Empower Advisory Group LLC now owns 685,135 shares of the financial services provider’s stock worth $95,480,000 after buying an additional 7,393 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 0.8 %

Shares of IBKR stock opened at $191.31 on Thursday. The business has a 50 day moving average of $156.53 and a two-hundred day moving average of $134.62. The company has a market cap of $80.83 billion, a P/E ratio of 29.15, 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 data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion for 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 4.83%. During the same quarter in the prior year, the firm earned $1.55 EPS. 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. 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 (DPR) is presently 15.27%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays cut their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note 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 research note on Tuesday, October 8th. Finally, Jefferies Financial Group upped their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.