Independent Solutions Wealth Management LLC Sells 369 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Independent Solutions Wealth Management LLC lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,242 shares of the financial services provider’s stock after selling 369 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Interactive Brokers Group were worth $1,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lord Abbett & CO. LLC bought a new stake in Interactive Brokers Group during the third quarter worth approximately $25,085,000. Franklin Resources Inc. bought a new position in Interactive Brokers Group during the third quarter valued at $211,000. Sanctuary Advisors LLC raised its stake in shares of Interactive Brokers Group by 6.3% in the third quarter. Sanctuary Advisors LLC now owns 21,637 shares of the financial services provider’s stock valued at $3,015,000 after acquiring an additional 1,283 shares during the period. Anchor Investment Management LLC bought a new stake in Interactive Brokers Group in the third quarter worth about $89,000. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of Interactive Brokers Group by 1.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 36,971 shares of the financial services provider’s stock worth $5,152,000 after buying an additional 460 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBKR has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Barclays upped their target price on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Piper Sandler restated an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Interactive Brokers Group Stock Up 1.0 %

Shares of Interactive Brokers Group stock traded up $1.81 during trading on Thursday, reaching $175.60. The company’s stock had a trading volume of 465,707 shares, compared to its average volume of 1,017,193. The business has a 50 day moving average price of $170.53 and a 200-day moving average price of $141.08. The company has a market capitalization of $74.20 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. Interactive Brokers Group, Inc. has a 12-month low of $80.92 and a 12-month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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 company 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 quarter last year, the business earned $1.55 EPS. Research analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

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.