Boston Financial Mangement LLC Has $272,000 Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Boston Financial Mangement LLC grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,955 shares of the financial services provider’s stock after purchasing an additional 100 shares during the period. Boston Financial Mangement LLC’s holdings in Interactive Brokers Group were worth $272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings 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 last quarter. GSA Capital Partners LLP acquired a new position in Interactive Brokers Group during the first quarter worth $796,000. Janus Henderson Group PLC increased its holdings in Interactive Brokers Group by 9.9% during the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock worth $12,173,000 after buying an additional 9,858 shares during the last quarter. Norden Group LLC increased its holdings in Interactive Brokers Group by 1,272.1% during the first quarter. Norden Group LLC now owns 104,400 shares of the financial services provider’s stock worth $11,662,000 after buying an additional 96,791 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Interactive Brokers Group by 26.2% during the first quarter. Van ECK Associates Corp now owns 43,711 shares of the financial services provider’s stock worth $4,883,000 after buying an additional 9,082 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Jefferies Financial Group boosted 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. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Barclays lowered 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. Finally, UBS Group lifted their price objective 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Price Performance

IBKR stock opened at $152.84 on Wednesday. The company has a fifty day moving average price of $136.92 and a two-hundred day moving average price of $126.30. The stock has a market cap of $64.36 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.15 and a beta of 0.80. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $154.75.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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 business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.82%. During the same period in the previous year, the firm posted $1.55 EPS. Research analysts anticipate that Interactive Brokers Group, Inc. will post 6.89 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm 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. 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 0.65%. Interactive Brokers Group’s payout ratio is presently 17.09%.

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.