Waverton Investment Management Ltd Buys Shares of 193,349 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Waverton Investment Management Ltd bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 193,349 shares of the financial services provider’s stock, valued at approximately $26,946,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Greenwich Wealth Management LLC boosted its position in Interactive Brokers Group by 0.3% during 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. boosted its position in Interactive Brokers Group by 10.4% during 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 boosted its position in Interactive Brokers Group by 23.8% during 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 boosted its position in Interactive Brokers Group by 1,292.1% during 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 boosted its position in Interactive Brokers Group by 3.7% during 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.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler reissued an “overweight” rating and issued a $163.00 price objective 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 for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $179.49 on Tuesday. The stock has a 50-day moving average of $143.39 and a two-hundred day moving average of $129.45. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $179.68. The stock has a market cap of $75.58 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.31 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $1.55 EPS. Analysts predict that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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 paid 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 0.56%. 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.