Coronation Fund Managers Ltd. Has $45.40 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Coronation Fund Managers Ltd. lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 325,752 shares of the financial services provider’s stock after selling 54,938 shares during the quarter. Interactive Brokers Group comprises about 2.5% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 13th largest position. Coronation Fund Managers Ltd.’s holdings in Interactive Brokers Group were worth $45,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of Interactive Brokers Group by 1,292.1% during the second 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 during the period. Marshall Wace LLP lifted its stake in shares of Interactive Brokers Group by 23.8% during 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 acquiring an additional 481,826 shares during the period. Bares Capital Management Inc. lifted its stake in shares of Interactive Brokers Group by 10.4% during the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after acquiring an additional 264,543 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after acquiring an additional 187,010 shares during the period. Finally, Scout Investments Inc. acquired a new position in shares of Interactive Brokers Group during the first quarter valued at $18,335,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IBKR shares. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Barclays cut their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. UBS Group increased their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group increased their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $143.00.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $153.78 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $154.75. The business has a 50-day moving average of $138.72 and a two-hundred day moving average of $126.98. The company has a market capitalization of $64.75 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly 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 return on equity of 4.82% and a net margin of 7.89%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $1.55 earnings per share. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.9 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 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.