Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Crawford Fund Management LLC

Crawford Fund Management LLC lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 21.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 44,158 shares of the financial services provider’s stock after selling 12,242 shares during the period. Interactive Brokers Group makes up approximately 1.3% of Crawford Fund Management LLC’s holdings, making the stock its 10th largest position. Crawford Fund Management LLC’s holdings in Interactive Brokers Group were worth $6,154,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Greenwich Wealth Management LLC raised its holdings in Interactive Brokers Group by 0.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock valued at $365,271,000 after acquiring an additional 8,038 shares in the last quarter. Marshall Wace LLP raised its holdings in Interactive Brokers Group by 23.8% in the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after acquiring an additional 481,826 shares in the last quarter. FMR LLC raised its holdings in Interactive Brokers Group by 12.2% in the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after acquiring an additional 119,187 shares in the last quarter. Millennium Management LLC raised its holdings in Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after acquiring an additional 1,004,289 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. raised its holdings in Interactive Brokers Group by 2.9% in the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 833,627 shares of the financial services provider’s stock valued at $116,174,000 after acquiring an additional 23,828 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. 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 report on Tuesday, October 8th. Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Piper Sandler reissued an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, Barclays dropped their target price on 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. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $191.31 on Friday. The firm has a market cap of $80.83 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $193.42. The stock’s 50 day simple moving average is $157.75 and its 200 day simple moving average is $135.01.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter last year, the company earned $1.55 earnings per share. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

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