Interactive Brokers Group, Inc. $IBKR Stock Position Reduced by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 53.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 156,063 shares of the financial services provider’s stock after selling 178,661 shares during the quarter. Interactive Brokers Group accounts for approximately 0.6% of Inspire Investing LLC’s holdings, making the stock its 23rd largest holding. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $13,331,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IBKR. Yousif Capital Management LLC grew its position in Interactive Brokers Group by 1.4% during the 3rd quarter. Yousif Capital Management LLC now owns 41,140 shares of the financial services provider’s stock worth $3,514,000 after purchasing an additional 578 shares during the last quarter. Root Financial Partners LLC acquired a new position in Interactive Brokers Group during the 3rd quarter valued at approximately $127,000. Crossmark Global Holdings Inc. increased its stake in Interactive Brokers Group by 209.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 40,225 shares of the financial services provider’s stock valued at $3,436,000 after purchasing an additional 27,226 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Interactive Brokers Group by 1.9% in the third quarter. Quadrant Capital Group LLC now owns 28,531 shares of the financial services provider’s stock worth $2,496,000 after buying an additional 519 shares during the last quarter. Finally, Carnegie Investment Counsel raised its holdings in shares of Interactive Brokers Group by 60.0% in the third quarter. Carnegie Investment Counsel now owns 5,276 shares of the financial services provider’s stock worth $451,000 after buying an additional 1,979 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of several research reports. Evercore initiated coverage on shares of Interactive Brokers Group in a research note on Monday, October 12th. They set an “outperform” rating and a $100.00 price objective for the company. Wells Fargo & Company assumed coverage on Interactive Brokers Group in a research report on Friday, October 2nd. They issued an “overweight” rating and a $102.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $111.00 target price on shares of Interactive Brokers Group in a research note on Thursday, October 1st. Weiss Ratings raised Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Finally, China Renaissance started coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating and a $99.90 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.87.

Interactive Brokers Group Trading Down 2.4%

Shares of NASDAQ:IBKR opened at $80.28 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $98.75. The company has a market cap of $136.59 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 1.34 and a beta of 1.37. The company’s 50 day moving average is $89.46 and its 200 day moving average is $87.67.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. Equities research analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date of this dividend is Tuesday, December 1st. Interactive Brokers Group’s dividend payout ratio is 13.46%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.