CWA Asset Management Group LLC Takes $3.93 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

CWA Asset Management Group LLC bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,197 shares of the financial services provider’s stock, valued at approximately $3,930,000.

Other large investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its stake in Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 111 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at approximately $32,000. UMB Bank n.a. grew its holdings in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares during the last quarter. DT Investment Partners LLC grew its holdings in shares of Interactive Brokers Group by 60.1% during the 3rd quarter. DT Investment Partners LLC now owns 389 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 146 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $81,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IBKR shares. 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. UBS Group boosted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Barclays dropped their price target on shares of 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. 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Stock Performance

IBKR opened at $169.74 on Friday. The firm has a market cap of $71.47 billion, a P/E ratio of 25.91, a PEG ratio of 1.33 and a beta of 0.79. The firm has a 50-day moving average of $142.38 and a 200 day moving average of $128.82. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $173.09.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate 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 net margin of 7.89% and a return on equity of 4.82%. During the same quarter in the previous year, the company posted $1.55 EPS. Equities research analysts predict that Interactive Brokers Group, Inc. will post 6.9 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) 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.