Empowered Funds LLC Trims Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Empowered Funds LLC reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 95.9% in the 3rd quarter, Holdings Channel reports. The fund owned 1,534 shares of the financial services provider’s stock after selling 35,924 shares during the period. Empowered Funds LLC’s holdings in Interactive Brokers Group were worth $214,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC grew its position in shares of Interactive Brokers Group by 172.1% in the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after purchasing an additional 7,884 shares during the period. Janus Henderson Group PLC grew its holdings in Interactive Brokers Group by 9.9% in the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after buying an additional 9,858 shares during the period. Versor Investments LP acquired a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $474,000. Waverton Investment Management Ltd purchased a new position in shares of Interactive Brokers Group during the 3rd quarter worth about $26,946,000. Finally, Cetera Investment Advisers boosted its position in shares of Interactive Brokers Group by 141.7% in the first quarter. Cetera Investment Advisers now owns 42,048 shares of the financial services provider’s stock worth $4,697,000 after acquiring an additional 24,648 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on IBKR shares. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Barclays cut their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. UBS Group boosted their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Trading Up 1.0 %

Shares of NASDAQ IBKR opened at $192.95 on Wednesday. The stock has a fifty day moving average price of $155.31 and a 200 day moving average price of $134.11. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $193.42. The company has a market cap of $81.53 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 posted $1.55 EPS. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. Interactive Brokers Group’s payout ratio is currently 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.