SteelPeak Wealth LLC Boosts Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

SteelPeak Wealth LLC lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,683 shares of the financial services provider’s stock after purchasing an additional 342 shares during the period. SteelPeak Wealth LLC’s holdings in Interactive Brokers Group were worth $513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenwich Wealth Management LLC lifted 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 worth $365,271,000 after buying an additional 8,038 shares in the last quarter. Bares Capital Management Inc. lifted its stake in shares of Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock worth $313,920,000 after acquiring an additional 264,543 shares in the last quarter. Marshall Wace LLP boosted its holdings in Interactive Brokers Group by 23.8% in the second quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock valued at $307,365,000 after purchasing an additional 481,826 shares during the last quarter. Millennium Management LLC grew its stake in Interactive Brokers Group by 1,292.1% during 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 purchasing an additional 1,004,289 shares in the last quarter. Finally, Bamco Inc. NY increased its holdings in Interactive Brokers Group by 3.7% during the 1st quarter. Bamco Inc. NY now owns 764,968 shares of the financial services provider’s stock worth $85,455,000 after purchasing an additional 27,434 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Barclays cut their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. UBS Group upped their target price 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. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their target price for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, 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 research report on Friday, October 4th. 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.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Interactive Brokers Group Trading Down 1.1 %

IBKR stock opened at $152.58 on Friday. The firm has a market cap of $64.25 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.15 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $154.75. The stock’s 50 day simple moving average is $137.54 and its 200 day simple moving average is $126.49.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data 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 company 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 4.82% and a net margin of 7.89%. During the same quarter in the previous year, the company earned $1.55 earnings per share. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 6.89 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid 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 0.66%. Interactive Brokers Group’s payout ratio is currently 15.27%.

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.