14,805 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Acquired by Freedom Day Solutions LLC

Freedom Day Solutions LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 14,805 shares of the financial services provider’s stock, valued at approximately $2,063,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBKR. Millennium Management LLC grew its holdings in shares of 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 worth $132,655,000 after buying an additional 1,004,289 shares in the last quarter. Marshall Wace LLP boosted its position in Interactive Brokers Group by 23.8% during the second 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. Bares Capital Management Inc. grew its stake in 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 valued at $313,920,000 after acquiring an additional 264,543 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after acquiring an additional 187,010 shares during the last quarter. Finally, Scout Investments Inc. purchased a new position in Interactive Brokers Group in the 1st quarter worth approximately $18,335,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IBKR shares. UBS Group upped their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group upped their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Barclays cut their target price on 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 cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, Piper Sandler reissued an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $148.20 on Friday. The firm has a 50-day simple moving average of $135.17 and a two-hundred day simple moving average of $125.31. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $154.75. The stock has a market cap of $62.40 billion, a PE ratio of 25.33, a P/E/G ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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 7.88% and a return on equity of 4.88%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $1.55 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.92 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company 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 $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 0.67%. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Interactive Brokers Group Company 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.