Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Cwm LLC

Cwm LLC lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,006 shares of the financial services provider’s stock after selling 116 shares during the quarter. Cwm LLC’s holdings in Interactive Brokers Group were worth $140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tortoise Investment Management LLC grew its stake 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 valued at $31,000 after buying an additional 111 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group during the second quarter worth about $32,000. Bessemer Group Inc. increased its stake in Interactive Brokers Group by 389.9% during the first quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 503 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Interactive Brokers Group by 116.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 704 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 378 shares during the period. Finally, Tobam acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at about $93,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 0.5 %

Shares of NASDAQ IBKR opened at $148.20 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $154.75. The firm has a market cap of $62.40 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. The business has a 50 day moving average price of $135.17 and a two-hundred day moving average price of $125.31.

Interactive Brokers Group (NASDAQ:IBKR) last released its 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 business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. During the same quarter in the previous year, the firm earned $1.55 EPS. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 6.92 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s payout ratio is 17.09%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBKR. Piper Sandler restated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. 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 report on Wednesday, October 16th. UBS Group lifted their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, July 11th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.00.

About Interactive Brokers Group

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.