Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 20.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 366,204 shares of the financial services provider’s stock after selling 93,941 shares during the period. Principal Financial Group Inc. owned about 0.09% of Interactive Brokers Group worth $51,034,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IBKR. Aurora Investment Counsel bought a new position in Interactive Brokers Group during the 3rd quarter worth approximately $1,693,000. Versor Investments LP acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $474,000. Waverton Investment Management Ltd bought a new position in Interactive Brokers Group during the third quarter worth $26,946,000. DRW Securities LLC bought a new position in Interactive Brokers Group during the third quarter worth $2,977,000. Finally, Geode Capital Management LLC boosted its holdings in Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after purchasing an additional 106,392 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 1.2 %

Shares of NASDAQ IBKR opened at $175.92 on Monday. Interactive Brokers Group, Inc. has a 12-month low of $80.92 and a 12-month high of $193.42. The company has a market cap of $74.33 billion, a PE ratio of 26.86, a P/E/G ratio of 1.42 and a beta of 0.85. The stock has a 50 day simple moving average of $171.53 and a 200-day simple moving average of $141.77.

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 (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 business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $1.55 EPS. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IBKR. Barclays raised their price target on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a 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. The Goldman Sachs Group raised their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.00.

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.