Smithfield Trust Co Has $48,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Smithfield Trust Co raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 80.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 345 shares of the financial services provider’s stock after purchasing an additional 154 shares during the period. Smithfield Trust Co’s holdings in Interactive Brokers Group were worth $48,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IBKR. Tortoise Investment Management LLC boosted its holdings in shares of Interactive Brokers Group by 76.6% during the 2nd 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 period. Fairfield Financial Advisors LTD acquired a new position in Interactive Brokers Group during the 2nd quarter worth $32,000. UMB Bank n.a. lifted its position in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group during the third quarter valued at about $49,000. Finally, DT Investment Partners LLC grew its position in shares of Interactive Brokers Group by 60.1% in the third quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

IBKR opened at $191.62 on Friday. The company has a market capitalization of $80.96 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.45 and a beta of 0.79. The firm’s fifty day moving average price is $154.06 and its two-hundred day moving average price is $133.41. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $193.21.

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 4.83%. 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 6.82 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. 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 0.52%. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays cut 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. 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. Jefferies Financial Group raised their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group upped their target price 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.