Connor Clark & Lunn Investment Management Ltd. Purchases 37,549 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 443.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,018 shares of the financial services provider’s stock after acquiring an additional 37,549 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Interactive Brokers Group were worth $6,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Interactive Brokers Group during the first quarter valued at about $356,000. Bessemer Group Inc. boosted its position in Interactive Brokers Group by 389.9% during the 1st quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider’s stock worth $70,000 after buying an additional 503 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Interactive Brokers Group by 1.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 60,368 shares of the financial services provider’s stock worth $6,743,000 after acquiring an additional 660 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Interactive Brokers Group by 607.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,720 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 1,477 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in Interactive Brokers Group in the 1st quarter valued at approximately $198,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $191.62 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $193.21. The stock has a 50 day simple moving average of $154.06 and a two-hundred day simple moving average of $133.41. The company has a market cap of $80.96 billion, a P/E ratio of 29.25, a PEG ratio of 1.45 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (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 analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter in the previous year, the firm earned $1.55 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

Analysts Set New Price Targets

IBKR has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Barclays cut their target price on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Piper Sandler reissued an “overweight” rating and issued a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group lifted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

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.