Measured Wealth Private Client Group LLC Sells 391 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Measured Wealth Private Client Group LLC lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 10.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,327 shares of the financial services provider’s stock after selling 391 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Interactive Brokers Group were worth $464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBKR. Millennium Management LLC raised its stake in shares of 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 worth $132,655,000 after purchasing an additional 1,004,289 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after purchasing an additional 481,826 shares in the last quarter. Bares Capital Management Inc. raised its stake in shares of Interactive Brokers Group by 10.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after purchasing an additional 264,543 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after purchasing an additional 187,010 shares in the last quarter. Finally, Scout Investments Inc. bought a new stake in shares of Interactive Brokers Group during the 1st quarter worth approximately $18,335,000. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

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

Read Our Latest Analysis on IBKR

Interactive Brokers Group Stock Performance

IBKR opened at $154.05 on Thursday. The firm has a market cap of $64.87 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.15 and a beta of 0.80. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $154.75. The business’s fifty day moving average is $137.54 and its 200-day moving average is $126.49.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 4.82% and a net margin of 7.89%. During the same period last year, the company posted $1.55 earnings per share. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.89 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced 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. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

Interactive Brokers Group Profile

(Free Report)

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

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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