UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $36.54 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 262,200 shares of the financial services provider’s stock after selling 24,750 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Interactive Brokers Group worth $36,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBKR. Townsquare Capital LLC lifted its holdings in shares of Interactive Brokers Group by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 67 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its stake in Interactive Brokers Group by 3.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock valued at $383,000 after buying an additional 97 shares in the last quarter. Boston Financial Mangement LLC boosted its holdings in shares of Interactive Brokers Group by 5.4% in the third quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock valued at $272,000 after buying an additional 100 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in shares of Interactive Brokers Group by 5.6% in the third quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock valued at $280,000 after buying an additional 107 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of Interactive Brokers Group by 3.6% during the third quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 110 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBKR has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Barclays decreased their target price on shares of Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.00.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $186.89 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $77.75 and a 52-week high of $193.42. The stock has a market cap of $78.96 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.45 and a beta of 0.85. The firm’s 50-day moving average is $161.10 and its 200-day moving average is $136.54.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 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 for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

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.