TimesSquare Capital Management LLC Sells 62,160 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

TimesSquare Capital Management LLC lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 354,105 shares of the financial services provider’s stock after selling 62,160 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Interactive Brokers Group were worth $49,348,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Boston Financial Mangement LLC increased its stake in Interactive Brokers Group by 5.4% in the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 100 shares during the period. First Citizens Bank & Trust Co. raised its holdings in Interactive Brokers Group by 5.6% during the 3rd 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 last quarter. Tortoise Investment Management LLC boosted its position in Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after buying an additional 111 shares during the period. Signaturefd LLC grew its holdings in Interactive Brokers Group by 9.5% in the 3rd quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 118 shares during the last quarter. Finally, Insight Wealth Strategies LLC boosted its holdings in shares of Interactive Brokers Group by 0.7% during the third quarter. Insight Wealth Strategies LLC now owns 18,686 shares of the financial services provider’s stock worth $2,604,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.8 %

Shares of IBKR stock opened at $169.74 on Friday. The stock’s 50-day moving average price is $142.38 and its 200-day moving average price is $128.92. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $173.09. The stock has a market capitalization of $71.47 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.33 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) 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 4.82%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IBKR shares. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Jefferies Financial Group lifted their price objective 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. Barclays dropped their price target 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. Finally, UBS Group increased their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

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.