Sowell Financial Services LLC trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 85.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,956 shares of the financial services provider’s stock after selling 22,912 shares during the period. Sowell Financial Services LLC’s holdings in Interactive Brokers Group were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of IBKR. Wealth Enhancement Trust Services Inc. raised its stake in Interactive Brokers Group by 1,217.2% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 353 shares in the last quarter. CoreCap Advisors LLC lifted its position in Interactive Brokers Group by 62.2% during 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. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Interactive Brokers Group by 584.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock worth $36,000 after buying an additional 456 shares in the last quarter. Mather Group LLC. grew its stake in shares of Interactive Brokers Group by 70.4% in the 3rd quarter. Mather Group LLC. now owns 656 shares of the financial services provider’s stock worth $56,000 after buying an additional 271 shares in the last quarter. Finally, Activest Wealth Management grew its stake in shares of Interactive Brokers Group by 2,960.9% in the 3rd quarter. Activest Wealth Management now owns 704 shares of the financial services provider’s stock worth $60,000 after buying an additional 681 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.
Interactive Brokers Group Stock Performance
NASDAQ:IBKR opened at $80.59 on Tuesday. The firm has a market capitalization of $137.12 billion, a PE ratio of 31.00, a PEG ratio of 1.31 and a beta of 1.37. The stock’s fifty day moving average is $89.22 and its 200 day moving average is $82.67. Interactive Brokers Group, Inc. has a fifty-two week low of $58.95 and a fifty-two week high of $98.75.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. Interactive Brokers Group’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.
Interactive Brokers Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Tuesday, December 1st will be issued a $0.15 dividend. This is a boost 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 dividend yield of 0.7%. Interactive Brokers Group’s dividend payout ratio (DPR) is 13.46%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on IBKR. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Rothschild & Co Redburn increased their price target on shares of Interactive Brokers Group from $94.00 to $95.00 and gave the company a “buy” rating in a report on Monday, September 21st. Raymond James Financial began coverage on Interactive Brokers Group in a research report on Wednesday, August 26th. They issued a “market perform” rating for the company. Finally, China Renaissance began coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating and a $99.90 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.87.
Read Our Latest Research Report on Interactive Brokers Group
About Interactive Brokers Group
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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