Cwm LLC lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) 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 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.
View Our Latest Stock Analysis on Interactive Brokers Group
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.
Further Reading
- Five stocks we like better than Interactive Brokers Group
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- 3 Monster Growth Stocks to Buy Now
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Conference Calls and Individual Investors
- Tesla Stock: Buy the Dips, Sell the Rips
Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report).
Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.