MML Investors Services LLC Grows Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

MML Investors Services LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,309 shares of the financial services provider’s stock after buying an additional 858 shares during the quarter. MML Investors Services LLC’s holdings in Interactive Brokers Group were worth $1,297,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Aurora Investment Counsel purchased a new position in Interactive Brokers Group during the 3rd quarter worth approximately $1,693,000. Versor Investments LP purchased a new position in Interactive Brokers Group during the 3rd quarter worth approximately $474,000. Waverton Investment Management Ltd purchased a new position in Interactive Brokers Group during the 3rd quarter worth approximately $26,946,000. DRW Securities LLC purchased a new position in Interactive Brokers Group during the 3rd quarter worth approximately $2,977,000. Finally, Quest Partners LLC purchased a new position in Interactive Brokers Group during the 3rd quarter worth approximately $751,000. 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 a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays increased their price objective on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, UBS Group increased their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.13.

Interactive Brokers Group Price Performance

IBKR opened at $173.79 on Thursday. The business has a 50 day simple moving average of $170.53 and a 200-day simple moving average of $141.08. The stock has a market capitalization of $73.43 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.42 and a beta of 0.85. Interactive Brokers Group, Inc. has a 12 month low of $80.83 and a 12 month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $1.55 earnings per share. Research analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.58%. Interactive Brokers Group’s dividend payout ratio 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.