Brown Brothers Harriman & Co. Has $1.03 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Brown Brothers Harriman & Co. lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 44.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,421 shares of the financial services provider’s stock after selling 5,822 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Interactive Brokers Group were worth $1,034,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in Interactive Brokers Group by 1,292.1% in 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 buying an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Interactive Brokers Group in the 3rd quarter valued at $83,630,000. Marshall Wace LLP lifted its position in Interactive Brokers Group by 23.8% in the 2nd 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 in the last quarter. Waverton Investment Management Ltd acquired a new position in Interactive Brokers Group in the 3rd quarter worth $26,946,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after purchasing an additional 187,010 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler restated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. 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 note on Wednesday, October 16th. 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 report on Tuesday, October 8th. Finally, Jefferies Financial Group increased 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 equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Trading Up 1.0 %

NASDAQ IBKR opened at $192.95 on Wednesday. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $193.42. The stock has a 50 day moving average of $155.31 and a 200-day moving average of $134.11. The company has a market cap of $81.53 billion, a PE ratio of 29.46, a PEG ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm 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 in the prior year, the business earned $1.55 EPS. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

About Interactive Brokers Group

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.