Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Lowered by Firetrail Investments PTY Ltd.

Firetrail Investments PTY Ltd. decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,749 shares of the financial services provider’s stock after selling 27,824 shares during the period. Interactive Brokers Group accounts for approximately 5.6% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 3rd biggest position. Firetrail Investments PTY Ltd.’s holdings in Interactive Brokers Group were worth $19,317,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Interactive Brokers Group by 172.1% in the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after purchasing an additional 7,884 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Interactive Brokers Group by 9.9% in the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after purchasing an additional 9,858 shares during the period. Edgestream Partners L.P. lifted its stake in shares of Interactive Brokers Group by 200.5% in the first quarter. Edgestream Partners L.P. now owns 16,799 shares of the financial services provider’s stock worth $1,877,000 after buying an additional 11,208 shares during the last quarter. Cetera Investment Advisers grew its stake in Interactive Brokers Group by 141.7% in the 1st quarter. Cetera Investment Advisers now owns 42,048 shares of the financial services provider’s stock valued at $4,697,000 after buying an additional 24,648 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in Interactive Brokers Group by 143.0% in the 1st quarter. Tidal Investments LLC now owns 28,225 shares of the financial services provider’s stock worth $3,146,000 after acquiring an additional 16,609 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 0.5 %

NASDAQ IBKR opened at $178.65 on Thursday. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $181.21. The company has a market capitalization of $75.23 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.41 and a beta of 0.79. The stock’s 50 day moving average is $145.50 and its two-hundred day moving average is $130.24.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS 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 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 period in the prior year, the firm earned $1.55 EPS. On average, analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.56%. Interactive Brokers Group’s dividend payout ratio is 15.27%.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of recent analyst reports. UBS Group upped their price target 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 target price 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. Barclays dropped their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus 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.