W.G. Shaheen & Associates DBA Whitney & Co Acquires 1,047 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

W.G. Shaheen & Associates DBA Whitney & Co grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,545 shares of the financial services provider’s stock after acquiring an additional 1,047 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Interactive Brokers Group were worth $7,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Prime Capital Investment Advisors LLC lifted its holdings in shares of Interactive Brokers Group by 3.7% in the 3rd 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 during the period. Boston Financial Mangement LLC boosted its position in Interactive Brokers Group by 5.4% during the third 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 in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Interactive Brokers Group by 5.6% during 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 acquiring an additional 107 shares during the last quarter. CIBC Asset Management Inc raised its holdings 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 valued at $441,000 after acquiring an additional 110 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 111 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $182.61 on Tuesday. The stock has a fifty day moving average of $148.86 and a two-hundred day moving average of $131.67. The company has a market capitalization of $77.16 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $183.01.

Interactive Brokers Group (NASDAQ:IBKR) last released 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 firm had revenue of $2.45 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $1.55 earnings per share. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IBKR shares. UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Barclays lowered their price target on 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. Piper Sandler restated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group lifted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.