Fiduciary Family Office LLC Sells 924 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Fiduciary Family Office LLC lessened its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,120 shares of the financial services provider’s stock after selling 924 shares during the period. Interactive Brokers Group comprises 0.7% of Fiduciary Family Office LLC’s holdings, making the stock its 24th largest position. Fiduciary Family Office LLC’s holdings in Interactive Brokers Group were worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC grew its holdings in shares of Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after acquiring an additional 8,038 shares in the last quarter. Bares Capital Management Inc. grew its holdings in shares of Interactive Brokers Group by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after acquiring an additional 264,543 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of 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. Millennium Management LLC grew its holdings in shares of Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after acquiring an additional 1,004,289 shares in the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Interactive Brokers Group by 3.7% in the 1st quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider’s stock valued at $85,455,000 after acquiring an additional 27,434 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.2 %

IBKR stock traded up $1.84 during mid-day trading on Tuesday, hitting $155.77. 153,404 shares of the company were exchanged, compared to its average volume of 993,603. The business has a 50 day simple moving average of $139.31 and a 200-day simple moving average of $127.55. The stock has a market capitalization of $65.59 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $156.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.82% and a net margin of 7.89%. During the same quarter last year, the business earned $1.55 earnings per share. Equities research analysts expect that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.64%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Analyst Ratings Changes

Several brokerages have recently weighed in on IBKR. 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. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Jefferies Financial Group lifted their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Barclays reduced their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.00.

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.