Edgestream Partners L.P. Acquires 36,135 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Edgestream Partners L.P. lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 417.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,786 shares of the financial services provider’s stock after buying an additional 36,135 shares during the period. Edgestream Partners L.P.’s holdings in Interactive Brokers Group were worth $6,241,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tortoise Investment Management LLC raised its stake 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 worth $31,000 after acquiring an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at approximately $32,000. UMB Bank n.a. increased 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 purchasing an additional 224 shares in the last quarter. Smithfield Trust Co lifted its stake in Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 154 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $49,000. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IBKR. 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. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group 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 company a “buy” rating in a report on Friday, October 4th. Finally, UBS Group raised their target price 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $191.09 on Friday. Interactive Brokers Group, Inc. has a one year low of $76.89 and a one year high of $193.42. The stock’s 50-day moving average is $158.93 and its 200 day moving average is $135.41. The firm has a market cap of $80.74 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.50 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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 company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company posted $1.55 EPS. On average, sell-side analysts expect 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. Shareholders of record on Friday, November 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

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.