Pathstone Holdings LLC Grows Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Pathstone Holdings LLC boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,348 shares of the financial services provider’s stock after purchasing an additional 811 shares during the quarter. Pathstone Holdings LLC’s holdings in Interactive Brokers Group were worth $1,721,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC raised its stake in shares of Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after buying an additional 111 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new position in Interactive Brokers Group during the second quarter worth about $32,000. UMB Bank n.a. lifted its holdings in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. DT Investment Partners LLC grew its position in shares of Interactive Brokers Group by 60.1% in the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 146 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Interactive Brokers Group by 445.5% during the 3rd quarter. Huntington National Bank now owns 420 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 343 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Jefferies Financial Group increased their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. UBS Group increased their price objective 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. Piper Sandler reissued an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Barclays reduced their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $191.31 on Thursday. The firm has a market capitalization of $80.83 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $193.42. The company’s 50 day moving average price is $156.53 and its 200 day moving average price is $134.62.

Interactive Brokers Group (NASDAQ:IBKR) last issued 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). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business posted $1.55 EPS. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

About Interactive Brokers Group

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.