Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 25,569 shares of the financial services provider’s stock after selling 311 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Interactive Brokers Group were worth $3,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Greenwich Wealth Management LLC boosted its holdings in shares of Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after buying an additional 8,038 shares during the period. Marshall Wace LLP boosted its stake in Interactive Brokers Group by 23.8% in the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after acquiring an additional 481,826 shares during the period. Millennium Management LLC grew its holdings in shares of Interactive Brokers Group by 1,292.1% during the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after purchasing an additional 1,004,289 shares during the last quarter. Bronte Capital Management Pty Ltd. raised its position in shares of Interactive Brokers Group by 2.9% during the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider’s stock worth $116,174,000 after purchasing an additional 23,828 shares during the period. Finally, Empower Advisory Group LLC lifted its holdings in shares of Interactive Brokers Group by 1.1% in the 3rd quarter. Empower Advisory Group LLC now owns 685,135 shares of the financial services provider’s stock worth $95,480,000 after purchasing an additional 7,393 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $190.98 on Tuesday. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $193.42. The firm has a 50 day simple moving average of $155.31 and a 200-day simple moving average of $134.11. The stock has a market capitalization of $80.69 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $1.55 EPS. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IBKR. Barclays lowered their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Piper Sandler restated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. UBS Group upped their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Company 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.