Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,637 shares of the financial services provider’s stock after purchasing an additional 1,283 shares during the quarter. Sanctuary Advisors LLC’s holdings in Interactive Brokers Group were worth $3,015,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IBKR. Aurora Investment Counsel acquired a new stake in Interactive Brokers Group in the third quarter valued at $1,693,000. Versor Investments LP acquired a new stake in Interactive Brokers Group in the third quarter valued at $474,000. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the third quarter valued at $26,946,000. DRW Securities LLC acquired a new stake in Interactive Brokers Group in the third quarter valued at $2,977,000. Finally, Geode Capital Management LLC lifted its holdings in Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after acquiring an additional 106,392 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on IBKR. The Goldman Sachs Group raised their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. UBS Group raised their price target 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. Barclays raised their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Piper Sandler restated an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group raised their price target 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 seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $166.13.

Interactive Brokers Group Trading Down 0.7 %

Interactive Brokers Group stock opened at $178.90 on Wednesday. The stock has a market cap of $75.59 billion, a PE ratio of 27.31, a P/E/G ratio of 1.42 and a beta of 0.85. The stock has a 50-day moving average price of $170.04 and a 200 day moving average price of $140.85. Interactive Brokers Group, Inc. has a 52 week low of $80.00 and a 52 week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last posted 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 analysts’ expectations 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 in the prior year, the business posted $1.55 EPS. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 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.