D.A. Davidson & CO. Reduces Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

D.A. Davidson & CO. trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,290 shares of the financial services provider’s stock after selling 142 shares during the period. D.A. Davidson & CO.’s holdings in Interactive Brokers Group were worth $1,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Qsemble Capital Management LP increased its position in Interactive Brokers Group by 23.5% during the third quarter. Qsemble Capital Management LP now owns 10,448 shares of the financial services provider’s stock valued at $1,456,000 after acquiring an additional 1,989 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at about $2,977,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at about $586,000. Cerity Partners LLC boosted its holdings in shares of Interactive Brokers Group by 60.2% in the third quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider’s stock worth $425,000 after buying an additional 1,146 shares during the last quarter. Finally, Citigroup Inc. grew its position in Interactive Brokers Group by 4.7% during the third quarter. Citigroup Inc. now owns 377,220 shares of the financial services provider’s stock valued at $52,569,000 after buying an additional 16,984 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

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

Interactive Brokers Group Stock Up 0.0 %

Shares of Interactive Brokers Group stock opened at $191.09 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $76.89 and a 52 week high of $193.42. The stock’s 50-day simple moving average is $160.09 and its 200-day simple moving average is $135.90. The company has a market capitalization of $80.74 billion, a price-to-earnings ratio of 29.17, a PEG 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 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm posted $1.55 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. Interactive Brokers Group’s dividend payout ratio is currently 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.