Warther Private Wealth LLC grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 101.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,575 shares of the financial services provider’s stock after acquiring an additional 32,575 shares during the period. Interactive Brokers Group comprises about 3.2% of Warther Private Wealth LLC’s portfolio, making the stock its 15th largest holding. Warther Private Wealth LLC’s holdings in Interactive Brokers Group were worth $8,999,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Greenwich Wealth Management LLC grew its holdings in Interactive Brokers Group by 0.3% during the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after purchasing an additional 8,038 shares during the period. Bares Capital Management Inc. boosted its stake in shares of 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 worth $313,920,000 after acquiring an additional 264,543 shares during the period. Marshall Wace LLP increased its holdings in shares of 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 raised its stake in 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 during the period. Finally, Bamco Inc. NY lifted its holdings 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 purchasing an additional 27,434 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Interactive Brokers Group Stock Up 0.5 %
NASDAQ IBKR opened at $148.20 on Friday. The firm has a 50-day moving average price of $135.17 and a two-hundred day moving average price of $125.31. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $154.75. The company has a market capitalization of $62.40 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.34 and a beta of 0.80.
Interactive Brokers Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.67%. Interactive Brokers Group’s payout ratio is 17.09%.
Wall Street Analyst Weigh In
Several equities analysts have commented on IBKR shares. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $128.00 to $135.00 in a report on Thursday, July 11th. UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Barclays cut their price objective on shares of 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. Piper Sandler restated an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Jefferies Financial Group increased their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $143.00.
Read Our Latest Stock Report on Interactive Brokers Group
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.
Recommended Stories
- Five stocks we like better than Interactive Brokers Group
- How to Most Effectively Use the MarketBeat Earnings Screener
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How to Effectively Use the MarketBeat Ratings Screener
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- Consumer Discretionary Stocks Explained
- The Downtrend in UPS Stock Isn’t Over Yet
Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report).
Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.