5,388 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Purchased by Quest Partners LLC

Quest Partners LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,388 shares of the financial services provider’s stock, valued at approximately $751,000.

A number of other institutional investors have also modified their holdings of IBKR. Millennium Management LLC grew its position 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 buying an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Interactive Brokers Group in the third quarter worth about $83,630,000. Marshall Wace LLP grew its holdings in 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 acquiring an additional 481,826 shares in the last quarter. Bares Capital Management Inc. increased its position in 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 valued at $313,920,000 after purchasing an additional 264,543 shares during the period. Finally, Waverton Investment Management Ltd bought a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at about $26,946,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several recent research reports. Barclays reduced their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, UBS Group increased their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $191.71 on Friday. The company has a 50-day moving average of $152.79 and a two-hundred day moving average of $132.93. The firm has a market cap of $81.00 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.45 and a beta of 0.79. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $192.25.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $1.55 earnings per share. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Interactive Brokers Group Profile

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.