Bamco Inc. NY Acquires 127,640 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bamco Inc. NY grew its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 16.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 912,608 shares of the financial services provider’s stock after acquiring an additional 127,640 shares during the quarter. Bamco Inc. NY’s holdings in Interactive Brokers Group were worth $127,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Tortoise Investment Management LLC raised its position in 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 valued at $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new position in shares of Interactive Brokers Group during the 2nd quarter valued at approximately $32,000. UMB Bank n.a. increased its position in shares of 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 valued at $40,000 after purchasing an additional 224 shares during the last quarter. Smithfield Trust Co raised its holdings in Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after buying an additional 154 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group in the third quarter worth $49,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $191.09 on Monday. The firm’s 50 day simple moving average is $160.09 and its 200-day simple moving average is $136.00. Interactive Brokers Group, Inc. has a one year low of $76.89 and a one year high of $193.42. The firm has a market cap of $80.74 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 1.50 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 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. Equities research analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

Analysts Set New Price Targets

A number of research firms have weighed in on IBKR. UBS Group boosted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Barclays cut their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a 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, Piper Sandler reaffirmed an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.38.

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.