Martingale Asset Management L P Grows Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Martingale Asset Management L P boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 96.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 90,660 shares of the financial services provider’s stock after buying an additional 44,598 shares during the period. Martingale Asset Management L P’s holdings in Interactive Brokers Group were worth $12,634,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Interactive Brokers Group by 172.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after purchasing an additional 7,884 shares in the last quarter. Janus Henderson Group PLC increased its stake in Interactive Brokers Group by 9.9% in the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after purchasing an additional 9,858 shares in the last quarter. Aurora Investment Counsel purchased a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $1,693,000. Waverton Investment Management Ltd purchased a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $26,946,000. Finally, Versor Investments LP purchased a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $474,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

IBKR opened at $191.09 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $76.89 and a 1 year high of $193.42. The company’s 50 day simple moving average is $158.93 and its 200 day simple moving average is $135.41. The stock has a market capitalization of $80.74 billion, a PE ratio of 29.17, a P/E/G ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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 company had revenue of $2.45 billion during 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 4.83%. During the same quarter last year, the business earned $1.55 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. UBS Group lifted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. 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 report on Friday, October 4th. Finally, Barclays lowered their price target on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. 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 data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus 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.