Financial Strategies Group Inc. Has $428,000 Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Financial Strategies Group Inc. lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14.3% in the 3rd quarter, Holdings Channel reports. The firm owned 2,830 shares of the financial services provider’s stock after buying an additional 355 shares during the quarter. Financial Strategies Group Inc.’s holdings in Interactive Brokers Group were worth $428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Greenwich Wealth Management LLC raised its position in shares of Interactive Brokers Group by 0.3% in the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after purchasing an additional 8,038 shares during the period. Bares Capital Management Inc. raised its holdings in 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 worth $313,920,000 after acquiring an additional 264,543 shares during the period. Marshall Wace LLP lifted 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 worth $307,365,000 after acquiring an additional 481,826 shares during the last quarter. Millennium Management LLC boosted its holdings in Interactive Brokers Group by 1,292.1% during 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 acquiring an additional 1,004,289 shares during the period. Finally, Bamco Inc. NY grew its position in shares of Interactive Brokers Group by 3.7% in the first quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider’s stock valued at $85,455,000 after purchasing an additional 27,434 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

IBKR opened at $166.67 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $173.09. The company has a market capitalization of $70.18 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.19 and a beta of 0.79. The firm’s fifty day moving average price is $141.56 and its two-hundred day moving average price is $128.43.

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

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Analyst Ratings Changes

Several research firms recently weighed in on IBKR. UBS Group boosted 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 reiterated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays lowered their price objective on shares of 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. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $128.00 to $135.00 in a report on Thursday, July 11th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus 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.