Inspire Investing LLC lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 53.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 156,063 shares of the financial services provider’s stock after selling 178,661 shares during the quarter. Interactive Brokers Group comprises 0.6% of Inspire Investing LLC’s investment portfolio, making the stock its 23rd biggest holding. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $13,331,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Financial Group LLC lifted its stake in Interactive Brokers Group by 3.1% during the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 118 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Interactive Brokers Group by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock valued at $1,172,000 after purchasing an additional 150 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in Interactive Brokers Group by 3.8% in the third quarter. Everhart Financial Group Inc. now owns 5,167 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 191 shares in the last quarter. CoreCap Advisors LLC increased its stake in Interactive Brokers Group by 62.2% in the third quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 201 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in Interactive Brokers Group by 0.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 57,807 shares of the financial services provider’s stock valued at $4,938,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.
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 stock has a 50 day moving average of $89.46 and a two-hundred day moving average of $87.67. The stock has a market cap of $136.59 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.34 and a beta of 1.37.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.
Interactive Brokers Group Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be given a $0.15 dividend. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 annualized dividend and a yield of 0.7%. Interactive Brokers Group’s payout ratio is currently 13.46%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Rothschild & Co Redburn raised their price objective on shares of Interactive Brokers Group from $94.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, September 21st. Raymond James Financial assumed coverage on shares of Interactive Brokers Group in a report on Wednesday, August 26th. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Interactive Brokers Group in a research report on Wednesday, September 2nd. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Finally, Barclays set a $117.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $102.87.
View Our Latest Report on Interactive Brokers Group
Interactive Brokers Group Company 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.
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