Coronation Fund Managers Ltd. Has $45.40 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Coronation Fund Managers Ltd. cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,752 shares of the financial services provider’s stock after selling 54,938 shares during the quarter. Interactive Brokers Group comprises 2.5% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 13th largest holding. Coronation Fund Managers Ltd. owned approximately 0.08% of Interactive Brokers Group worth $45,397,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Boston Financial Mangement LLC lifted its holdings in shares of Interactive Brokers Group by 5.4% during the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock worth $272,000 after buying an additional 100 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Interactive Brokers Group by 5.6% during the third quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock worth $280,000 after buying an additional 107 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after buying an additional 111 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Interactive Brokers Group by 9.5% during the third quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider’s stock worth $189,000 after buying an additional 118 shares during the last quarter. Finally, Insight Wealth Strategies LLC lifted its holdings in shares of Interactive Brokers Group by 0.7% during the third quarter. Insight Wealth Strategies LLC now owns 18,686 shares of the financial services provider’s stock worth $2,604,000 after buying an additional 125 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 0.8 %

Shares of Interactive Brokers Group stock opened at $153.78 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $154.75. The firm’s 50-day moving average price is $138.72 and its two-hundred day moving average price is $126.98. The stock has a market capitalization of $64.75 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 1.18 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results 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 business had revenue of $2.45 billion for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $1.55 earnings per share. As a group, equities research analysts predict that Interactive Brokers Group, Inc. will post 6.9 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBKR. 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. 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. Barclays dropped 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 note on Wednesday, October 16th. Keefe, Bruyette & Woods downgraded shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $143.00.

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.